Blackrock Silver Announces Upsize of Previously Announced Bought Deal Financing to $12 Million

Core Viewpoint - Blackrock Silver Corp. has announced an upsized "bought deal" financing due to strong investor demand, increasing gross proceeds from $10,008,000 to$12,000,240 by selling 33,334,000 units at a price of $0.36 per unit [1][4] Financing Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at$0.50 for 24 months [2] - The underwriters have an over-allotment option to purchase additional units equal to 15% of the number sold, exercisable within 30 days following the closing date [3] Use of Proceeds - The net proceeds from the offering are intended for advancing exploration and development at the Tonopah West mineral project, working capital, and general corporate purposes [4] Regulatory Compliance - The offering will be completed under a prospectus supplement to the base shelf prospectus filed with Canadian securities regulatory authorities and will not be registered under U.S. Securities Act [5][8] Closing Timeline - The offering is expected to close on or about January 30, 2025, subject to market conditions and regulatory approvals [7] Company Overview - Blackrock Silver Corp. is focused on precious metal exploration and development, with a portfolio of properties in Nevada featuring low-sulphidation, epithermal gold and silver mineralization [10]