Sierra Madre Gold and Silver Ltd announced a non-brokered private placement of 3,571,428 shares at a price of CAD 0.28 per share for aggregate gross proceeds CAD 999,999.84 on February 26, 2024. The transaction included participation from existing long-term institutional shareholder of the company. The Offering is expected to close shortly and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.