Blackrock Silver Announces $10 Million Bought Deal Public Offering

Core Viewpoint - Blackrock Silver Corp. has announced a bought deal offering of 27,800,000 units at a price of $0.36 per unit, aiming to raise gross proceeds of$10,008,000 to fund exploration and development activities [1][4]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with each full warrant allowing the purchase of one common share at $0.50 for 24 months [2]. - An over-allotment option has been granted to underwriters, allowing them to purchase up to an additional 15% of the units sold at the issue price within 30 days following the closing date [3]. - The offering is expected to close on or about January 30, 2025, subject to market conditions and regulatory approvals [8]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for advancing exploration and development at the Tonopah West mineral project, as well as for working capital and general corporate purposes [4]. Group 3: Company Background - Blackrock Silver Corp. is a junior precious metal exploration and development company focused on its Nevada portfolio, which includes properties with low-sulphidation, epithermal gold and silver mineralization [11].