Silver Tiger Announces Closing of $18 Million Bought Deal Financing

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HALIFAX, Nova Scotia, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Silver Tiger Metals Inc. (TSXV:SLVR) (“Silver Tiger” or the “Corporation”) is pleased to announce that it has closed its previously announced bought deal offering (the “Offering”) of common shares of the Company (the “Shares”) with a syndicate of underwriters. An aggregate of 58,100,000 Shares at a price of C$0.31 per Share for gross proceeds to the Company of approximately C$18 million were sold. The Corporation intends to use the proceeds of the Offering to continue advancement of the El Tigre mining project and for general corporate purposes.

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