Defiance Silver Corp. announces that it has closed on February 27, 2024 the first tranche of its previously announced non-brokered private placement of units of the Company at a price of C$0.10 per Unit for aggregate gross proceeds of C$1,094,000.
The third quarter confirmed the stability of the production in the San Martin Mine in this fiscal year. Production increases were experienced due to the higher grade of gold fed into the mill and the improvement in recovery of approximately 4 percentage points, both due to the high grade oreshoot discovered during the year as a result of investment in exploration and metallurgical research.
Regarding the arbitration proceedings, Silver Bull is being represented by the global law firm, Boies Schiller Flexner, and is financially supported by Bench Walk Advisors via a Litigation Funding Agreement for up to US$9.5 million to finance the case.
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