SPR Supreme Resources Ltd.

Further to news release dated September 10, 2012, Defiance Silver Corp
("Defiance") (TSX VENTURE:DEF) is pleased to announce that it has closed the
second and final tranche of its amended private placement with the issuance of
1,675,000 units at a price of $0.20 per Unit for gross proceeds of $335,000.
These units are subject to a four month hold period expiring four months from
the date of issue. Gross proceeds from the two tranches totals $883,300. This
amount includes an oversubscription of $383,300.


Each Unit consists of one common share of the Company, one full common share
purchase warrant ("Warrant") and one Silver Participation Right ("SPR"). Each
Warrant will entitle the holder to purchase one common share of the Company for
a period of 12 months at a price of $0.40 per share. Each Silver Participation
Right will entitle the holder to receive 0.003 ounces of silver bullion or the
equivalent value in Canadian dollars (being C$0.09 based on a C$30 per ounce
silver price) from the Company's future silver production. Defiance believes
that the innovative Silver Participation Right will provide a mechanism for
participating investors to gain direct access to physical silver bullion and
direct exposure to future upside in the price of silver. 


Closing of the Offering is subject to receipt of all required regulatory
approvals including the approval of the TSX Venture Exchange. The Company may
pay finder's fees in compliance with TSX Venture Exchange policies on some or
all of the Offering. Finder's fees of $12,600 and 7,000 broker warrants are
payable in connection with the second tranche of the private placement. The
broker warrants have the same terms as the terms of the warrants described in
this private placement. 


The proceeds from the Offering will be used at the discretion of the Company
for: general working capital purposes, the ongoing refurbishment of the Santa
Gabriela Mill and the development of the San Acacio Silver Mine. 


About Defiance Silver: 

Defiance Silver Corp. is a near term silver producer engaged in the acquisition,
exploration, and development of advanced silver projects in Zacatecas Mexico.
The Company's efforts are focused on: (1) the purchase and refurbishment of the
200 tpd Santa Gabriela Mill, (2) the exercising of an option to purchase the San
Acacio Silver Mine, and (3) the definition of feed for the Santa Gabriela Mill
from surface dumps and the San Acacio Silver Mine with its historical resource
(see Defiance News Release dated November 1, 2011) and excellent potential for
defining additional resources. 


On behalf of Defiance Silver Corp. 

Bruce Winfield, President and CEO 

Forward-Looking Statements. This Defiance News Release may contain certain
"forward-looking" statements and information relating to Defiance that are based
on the beliefs of Defiance management, as well as assumptions made by and
information currently available to Defiance management. Such statements reflect
the current risks, uncertainties and assumptions related to certain factors
including but not limited to, there being no assurance the private placement
will be fully subscribed on the terms outlined above. Should any one or more
risks or uncertainties materialize or change, or should any underlying
assumptions prove incorrect, actual results and forward-looking statements may
vary materially from those described herein. Defiance does not assume the
obligation to update any forward-looking statement.

Grafico Azioni Supreme Resources Ltd. (TSXV:SPR)
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Da Mag 2024 a Giu 2024

Grafico Azioni Supreme Resources Ltd. (TSXV:SPR)
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Da Giu 2023 a Giu 2024