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November 2, 2023

Denarius Metals Corp. Closes $20.6 Million Private Placement of Convertible Debentures

Wildeboer Dellelce LLP acted as legal counsel to Denarius Metals Corp. (TSXV: DSLV; OTCQB: DNRSF) for a non-brokered private placement offering completed on October 31, 2023. The offering resulted in the issuance of 20,632,000 convertible debentures for total gross proceeds of CA$20,632,000.

Denarius, a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of polymetallic mining projects in high-grade districts, intends to use the net proceeds from the private placement to fund the construction activities at its Zancudo Project in Colombia, as set out in its recently announced Preliminary Economic Assessment.

Wildeboer Dellelce LLP acted for Denarius with a team comprising Peter Volk, Natalie Tershakowec, Julian Lupo, Brett Varrin and Victoria Allen (Corporate Finance and Securities).