Sierra Madre Declares Conversion of Subscription Receipts

VANCOUVER,CN / ACCESSWIRE / November 17, 2023 / Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTCQX:SMDRF) (the “Firm“) is happy to announce that, additional to the Firm’s information releases dated Might 31, 2023, September 14, 2023 and October 17, 2023, the escrow launch circumstances of all 5,123,092 subscription receipts have been glad and the proceeds from the acquisition of the subscription receipts have been launched from escrow. Consequently, the subscription receipts have transformed into a complete of 5,123,092 widespread shares within the capital of the Firm, and the Firm now has entry to the $3,330,010 in proceeds. For added info on the subscription receipts, please check with the above-noted information releases.

About Sierra Madre

Sierra Madre Gold & Silver (TSX.V:SM)(OTCQX:SMDRF) is a valuable metals growth and exploration firm, targeted on evaluating the potential of restarting the La Guitarra Mine within the Temascaltepec mining district, Mexico, and the exploration and growth of its Tepic and La Tigra properties in Nayarit, Mexico. The La Guitarra Mine is a permitted, past-producing underground mine which features a 500 t/d processing facility that operated till mid-2018.

The +2,600 ha Tepic mission hosts low-sulphidation epithermal gold and silver mineralization with an current historic useful resource. La Tigra, situated 148 km north of Tepic, has been mined traditionally; Sierra Madre’s maiden 2022 drill program on the website intercepted shallow mineralization.

Sierra Madre’s administration has performed key roles for managing exploration and growth of greater than 22Moz gold and 600Moz silver in mixed reserves and assets. Sierra Madre’s group of pros has collectively raised over $1B for mining firms.

On behalf of the board of administrators of Sierra Madre Gold and Silver Ltd.,

Alexander Langer

Alexander Langer
President, Chief Govt Officer and Director
+1 (604) 765-1604


[email protected]

Cautionary Observe

Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier(as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this information launch.

This press launch accommodates “forward-looking info” and “forward-looking statements” throughout the which means of relevant securities laws. The forward-looking statements herein are made as of the date of this press launch solely, and the Firm doesn’t assume any obligation to replace or revise them to mirror new info, estimates or opinions, future occasions or outcomes or in any other case, besides as required by relevant regulation. Typically, however not all the time, forward-looking statements will be recognized by way of phrases equivalent to “plans”, “expects”, “is anticipated”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “initiatives”, “intends”, “targets”, “goals”, “anticipates” or “believes” or variations (together with unfavorable variations) of such phrases and phrases or could also be recognized by statements to the impact that sure actions “might”, “might”, “ought to”, “would”, “may” or “will” be taken, happen or be achieved. Ahead-looking info on this press launch contains, however shouldn’t be restricted to, statements with respect to the completion of the Transaction on the phrases set out within the definitive settlement (or in any respect) and the flexibility of the Firm to acquire requisite company and regulatory approvals for the Transaction, together with however not restricted to the approval of the Alternate, Mexican antitrust approval and different governmental approvals as at present anticipated.

In making the forward-looking statements included on this information launch, the Firm has utilized a number of materials assumptions, together with that the Firm will have the ability to obtain all required regulatory approvals by the timelines at present anticipated (or in any respect); and that the Firm will have the ability to full the Transaction on the phrases of the definitive settlement. Ahead-looking statements and data are topic to numerous identified and unknown dangers and uncertainties, lots of that are past the flexibility of the Firm to manage or predict, which will trigger the Firm�s precise outcomes, efficiency or achievements to be materially completely different from these expressed or implied thereby, and are developed based mostly on assumptions about such dangers, uncertainties and different components set out herein, together with, however not restricted to, the chance that the Firm shouldn’t be capable of full Transaction on the phrases set out within the definitive settlement (or in any respect) and the chance that the Firm is unable to acquire requisite company and regulatory approvals, together with however not restricted to the approval of the TSX Enterprise Alternate, the Mexican antitrust approval and governmental approval as at present anticipated.

Such forward-looking info represents administration´s finest judgment based mostly on info at present accessible. No forward-looking assertion will be assured and precise future outcomes might differ materially. Accordingly, readers are suggested to not place undue reliance on forward-looking statements or info.

SOURCE: Sierra Madre Gold and Silver

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