Zacatecas Silver Corp announced a non-brokered private placement of 7,777,778 units at an issue price of CAD 0.45 per unit for gross proceeds of CAD 3,500,000 on April 21, 2023. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase a common share at an exercise price of CAD 0.55 for a period of three years months from the date of issue.

The securities under the offering will be subject to restrictions on resale expiring four months and day after issue. The company may pay registered finders a fee in cash and/or share purchase warrants.