IMPACT Silver Announces Closing of C$16.0 Million Bought Deal LIFE Private Placement

Core Viewpoint - IMPACT Silver Corp. has successfully closed a bought deal private placement, raising gross proceeds of C$16,000,000.56, which includes the full exercise of the underwriters' over-allotment option [2][3]. Group 1: Offering Details - The company sold 44,444,446 units at a price of C$0.36 per unit, with each unit consisting of one common share and one common share purchase warrant [2][3]. - Each warrant allows the holder to purchase one common share at a price of C$0.45 until September 17, 2027 [3]. - The underwriters, Red Cloud Securities Inc. and Research Capital Corporation, received cash fees totaling C$1,040,000.04 and 2,888,888 non-transferable common share purchase warrants [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for advancing underground development and infrastructure at the high-grade Guadalupe mine, increasing processing plant throughput, and expanding mining operations at the Plomosas zinc-silver-lead mine [6]. Group 3: Regulatory Compliance - The units were issued to Canadian purchasers under the listed issuer financing exemption and are freely tradeable under applicable Canadian securities legislation [4]. - The offering was also made in offshore jurisdictions and the United States on a private placement basis, adhering to exemptions from the registration requirements of the U.S. Securities Act [4][8]. Group 4: Company Overview - IMPACT Silver Corp. is a producer-explorer with two mining projects in Mexico, including the Zacualpan project and the Plomosas mine, which have shown significant production and exploration potential [9][13].