GR Silver Announces $12 Million Bought Deal LIFE Offering of Units

Core Points - GR Silver Mining Ltd. has entered into an agreement with Research Capital Corporation for a bought deal offering of 60,000,000 units at a price of $0.20 per unit, resulting in gross proceeds of $12,000,000 [1][3] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.28 for 36 months [2] - The net proceeds will be allocated to the advancement of the Plomosas Project in Mexico, working capital, and general corporate purposes [3] Offering Details - The underwriter has an option to increase the offering size by up to 15% of the total number of units issued, exercisable up to 48 hours before closing [4] - The offering will be conducted under the listed issuer financing exemption, making the units immediately "free-trading" under Canadian securities laws [5] - The closing of the offering is expected around August 12, 2025, pending necessary regulatory approvals [7] Financial Terms - The underwriter will receive a cash commission of 6.0% of the gross proceeds and broker warrants equal to 6.0% of the units sold, with each broker warrant allowing the purchase of one unit at the offering price for 36 months [8] Company Overview - GR Silver Mining is a Canadian-based junior mineral exploration company focused on silver-gold resource expansion in Mexico, controlling 100% of the Plomosas Project [10] - The company is engaged in cost-effective exploration and has made recent discoveries in its 78 km² of advanced-stage exploration concessions [10]