Silver X Mining Corp. announced a non-brokered private placement of up to 11,111,111 units at a price of CAD 0.18 per unit for the gross proceeds of CAD 2,000,000 on March 21, 2024. Each unit will be comprised of one common share and one share purchase warrant.

Each whole warrant entitling the holder to purchase one share of the company at a price of CAD 0.30 per Share for a period of 36 months from the date of closing of the private placement. Finders? fees of 6 per cent cash and 6 per cent finder?s warrants may be payable to eligible parties.

Closing of the proposed offering is anticipated to occur on or about March 29, 2024. Closing of the offering is subject to receipt of all necessary regulatory approvals including acceptance of the TSX Venture Exchange. The securities being offered under the offering will be issued pursuant to applicable exemptions from the prospectus requirements under applicable securities laws and will be subject to a hold period that will expire four months and one day from the closing.