AbraSilver Resource Corp. announced that it has entered into a share purchase agreement to issue 50,000,000 common shares at a price of CAD 0.4 per share for the gross proceeds of CAD 20,000,000 on April 22, 2024. The transaction will include participation from new investor, Central Puerto S.A., Kinross Gold Corporation investing CAD 10,000,000 each.

All common shares issued in the private placement will be subject to a statutory hold period of four months and a day from the date of issuance in accordance with applicable securities laws. Closing of the private placement is expected to occur on or about April 26, 2024 and is subject to certain conditions including, but not limited to, approval by the TSX Venture Exchange.