SMM Silver Mountain Mines Inc

Silver Mountain Mines Inc. (TSX VENTURE:SMM) ("Silver Mountain" or the
"Company") announces a non-brokered private placement of up to 10,000,000
flow-through units for total cash proceeds of up to $1,200,000 (the "Offering").
Each Unit consists of one common share ("Common Share") of the Company to be
issued on a flow-through basis (each, a "Flow-Through Share") and one (1) Common
Share purchase warrant (each, a "Warrant"). One Warrant entitles the holder
thereof to acquire, subject to adjustment, one Common Share at a price of $0.20
per Common Share on or before 4:30 p.m. (MST) on the date December 31st, 2014
(the "Expiry Date") except that, in the event the Common Shares of the
Corporation as quoted on the TSX Venture Exchange close at or above $0.30 per
Common Share for twenty one (21) consecutive trading days, then the Company may,
at its election, accelerate the Expiry Date upon not less than 30 days written
notice to each subscriber.


The securities issued in the Offering will be subject to a hold period of four
months plus one day from closing and are further subject to such other
applicable regulatory and TSX Venture Exchange approval and completion of
definitive documentation. 


The Company may pay up to a 7% finder's fee relative to the Offering. The
Company will use the proceeds of the private placement for exploration work,
including a drilling program, on its 100% owned Ptarmigan Property, located in
southeast British Columbia, and for working capital.


About Silver Mountain Mines Inc. (TSX VENTURE:SMM) 

Silver Mountain Mines Inc. is a Canadian based exploration and development
company with 100% ownership of a 9,200 ha property centered on the historical
silver rich Ptarmigan Mine in south eastern, BC. The property hosts two styles
of mineralization: silver rich, high-grade polymetallic epithermal veins and
manto style massive / semi-massive sulphide mineralization. 


For further information on please visit the Company's website
www.silvermountainmines.com and SEDAR (www.sedar.com).


ON BEHALF OF THE BOARD

Steve Konopelky, President and CEO

Silver Mountain Mines (TSXV:SMM)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Silver Mountain Mines (TSXV:SMM)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024