Silver One Resources Inc. announced a non-brokered private placement of up to 23,809,524 common shares at a price of CAD 0.21 per share for aggregate gross proceeds of up to CAD 5,000,000 on April 17, 2023. The The shares issued under the transaction will be subject to restrictions on resale for a period of four months from the date of issuance. The company may pay finders a fee in cash and issue warrants under the transaction.

The closing of the transaction is subject to the approval of the TSXV.