VANCOUVER, BC / ACCESSWIRE / December 22, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) is pleased to announce that it has closed the first tranche of its non-brokered Listed Issuer Financing Exemption private placement of up to 17,647,059 units (the "Units") at a price of C$0.425 per Unit for maximum gross proceeds of C$7.5 million (the "Offering") (see GSilver news release dated December 12, 2022 - "Guanajuato Silver Announces L.I.F.E. Equity Financing"). The Company has issued a total of 15,952,196 Units for gross proceeds of C$6,779,683 in the first tranche; each Unit consisting of one common share of the Company (a "Share") and one-half (1/2) of one transferable share purchase warrant, each whole warrant (a "Warrant") exercisable to purchase an additional Share at C$0.60 for a period of two years after closing.
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