Silver Eagle Mines Inc. announced private placement of 44,200 units at a price of CAD 0.10 per unit for the gross proceeds of CAD 4,420 on March 7, 2023. Each unit will be comprised of a common share of the and one warrant exercisable at a price of CAD 0.10 until May 25, 2024. The securities will be subject to a hold period of four months and a day following the date of issuance.

Completion of the transaction remains subject to the approval of the Canadian Securities Exchange.