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Capitan Silver Successfully Raises C$6.6M Through the Accelerated Exercise of Warrants
CaptivisionCaptivision(US:CAPT) Newsfileยท2025-07-18 11:00

Core Viewpoint - Capitan Silver Corp. successfully raised C$6.6 million through the accelerated exercise of 13,250,000 share purchase warrants at an exercise price of C$0.50, fully funding the company for 2025 [1][5]. Financing Details - The warrants were part of a financing completed in February 2025, which raised C$5.3 million at a 31% premium to market [1]. - The exercise of the warrants was triggered by a signed Letter of Intent for a strategic land acquisition and a closing share price of C$0.93 on June 12, 2025 [2]. Shareholder Composition - The Jupiter Silver & Gold Fund, Michael Gentile, CFA, and Construplan accounted for over 78% of the February 2025 financing [3][6]. - Post-exercise, the largest shareholders' ownership is as follows: Jupiter Silver & Gold Fund - 15.35%, Michael Gentile, CFA - 12.89%, and Construplan - 9.92% [6]. Company Overview - Capitan Silver Corp. is a Canadian exploration company focused on advancing the Cruz de Plata silver-gold project located in Durango, Mexico [3]. - The management team has a successful track record in developing precious-metal operations in Mexico over the past 16 years [3].