COMPLETION OF INITIAL PUBLIC OFFERING AND LISTING ON THE CSE
VANCOUVER, BRITISH COLUMBIA, SEPTEMBER 13, 2022 – SILVERFISH RESOURCES INC. (the “Company”) (CSE: “SF”) is pleased to announce that it has completed its Initial Public Offering (the “IPO”) of 4,000,000 common shares (the “Common Shares”) at a price of $0.25 per common share for gross proceeds of $1,000,000.
Leede Jones Gable Inc. (the “Agent”) has been paid a cash commission equal to 9.0% of the gross proceeds from the sale of the Common Shares pursuant to the IPO, together with a cash corporate finance fee. Additionally, the Company has granted compensation options to the Agent and its selling group members, entitling them to purchase up to 360,000 common shares at an exercise price of $0.25 per common share, exercisable on or before September 13, 2024. The Company currently has 14,050,000 common shares issued and outstanding.
The Company’s common shares are listed on the Canadian Securities Exchange (“CSE”) and will begin trading on the CSE under the symbol “SF” on September 14, 2022.
About the Company
The Company is engaged in acquisition, exploration and development of mineral property assets in Canada. The Company’s objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Old Timer Property. The Old Timer Property is located 17 km southeast of Nelson, in the Nelson Mining Division of southern British Columbia.
For more information, please refer to the Company’s Prospectus dated June 24, 2022 available on SEDAR (www.sedar.com), under the Company’s profile.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “Joseph Cullen”
Joseph Cullen,
President and Chief Executive Officer
The offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable state securities laws and may not be offered or sold in the United States or to “U.S. persons”, as such term is defined in Regulation S under the U.S. Securities Act, absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction.
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.