Silver X Mining Secures C$3.5 Million Through Brokered Private Placement

Silver X Mining Corp. has completed a brokered private placement, raising C$3.5 million. This includes a significant order from investment firm Palisades Goldcorp Ltd. The private placement involved the sale of 20,588,235 units at C$0.17 per Unit. Each unit consists of one common share and one warrant, exercisable at C$0.25 until 2028.

Red Cloud Securities Inc. served as the sole agent for the offering, earning a commission and broker warrants. The proceeds will fund exploration and capital expenditures at Silver X's Nueva Recuperada Silver District in Peru. Silver X CEO Jose Garcia highlighted the financing's role in advancing the company's growth strategy and operations.