Silver X Mining Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.30 per unit for gross proceeds of up to CAD 3,000,000 on may 17, 2023. Each unit will be comprised of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one share of the company at a price of CAD 0.45 per share for a period of 24 months from the date of closing of the transaction.

Finders? fees of 6% cash and 6% finder?s warrants may be payable to eligible parties. 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.

Closing of the proposed offering is anticipated to occur on or about June 29, 2023. Closing of the offering is subject to receipt of all necessary regulatory approvals including acceptance of the TSX Venture Exchange.