Sierra madre announces $10 million best efforts private placement of units

Vancouver, british columbia--(newsfile corp. - july 15, 2025) - sierra madre gold and silver ltd. (tsxv: sm) ("sierra madre" or the "company") is pleased to announce that it has entered into an agreement with beacon securities limited ("beacon") to act as lead agent and sole bookrunner, on behalf of a syndicate of agents to be formed (together with beacon, the "agents") in connection with a "best efforts" private placement of up to 14,290,000 units of the company (each a "unit") at a price of $0.70 per unit (the "issue price") for aggregate gross proceeds to the company of up to $10,003,000 (the "offering").
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