Blende Silver Corp closes unbroken private placement tranche with gross proceeds of $ 765,000

(via TheNewswire)

Vancouver, BCTheNewswire –December 29, 2021Bezel Silver Corp. (the “Company”) (TSXV: BAG) announces that it has completed the first tranche of an announced non-brokered private placement November 19, 2021 Achieving gross proceeds of $ 765,000. 6,000,000 Flow-Through Units (“Unit”) were sold at a price of. issued $ 0.10 per unit and 2,062,500 non-flow-through units were issued at a price of 0.08 per unitUnit. Each unit consists of one common share and one full share purchase warrant(“Warranty”). Each whole warrant can be exercised for one common share of the company at a price of. to acquire $ 0.20 per share for a period of 48 months from closing of the financing December 30, 2025.

All securities are subject to a four month hold period. Agency fees payable in connection with this tranche $ 52,430 and 550,375 Finder’s Warrants. Finder’s warrants can be exercised for one common share of the company at a price of. to acquire $ 0.20 per share expires December 30, 2025. The private placement is subject to TSX Venture Exchange approval.

The proceeds from the private placement will be used to further develop the Blende property and as general working capital.

About Bezel Silver Corp.

Bezel Silver Corp. is a Vancouver-based junior resource company focused on silver-zinc-lead exploration and development at the Company’s flagship Blende deposit in north-central Yukon. The 100% owned property is the largest carbonate Ag-Zn-Pb deposit in Yukon and one of the largest undeveloped Ag-Zn-Pb deposits in Western Canada. Accessible by the winter road, it covers 5,345 hectares and is 63 km northeast of Keno Hill. Yukon. The property has more than $ 9.2 million in the past ($ 5.2 million through Bezel silver); including 25,195 meters of drilling in 132 boreholes.

For more information please contact:

Bezel Silver Corp.

“Andrew H. Rees”

Andrew H. Rees, Director

Tel: 604-505-3739

Neither that TSX Venture Exchange nor its regulatory service provider (as this term is used in the guidelines of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This press release may contain certain forward-looking statements that involve known and unknown risks, delays and uncertainties that are beyond the control of Bezel Silver Corp. resulting in actual results, achievements or achievements of Bezel Silver Corp. differ materially from the results, performance or expectations implied in these forward-looking statements. By their very nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on factors that may or may occur in the future. Actual resultsmay vary based on exploration activities, industrial production, raw material demand and prices, exchange rates, and, but not limited to, general economic factors.

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