Guanajuato Silver Announces $30 Million Bought Deal Public Offering

Core Points - Guanajuato Silver Company Ltd. has entered into an agreement with Canaccord Genuity Corp. and Red Cloud Securities Inc. for a bought deal offering of 60,000,000 units at a price of $0.50 per unit, aiming for gross proceeds of $30,000,000 [1][2] - 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 $0.65 for 36 months [2] - The company will grant underwriters an option to purchase an additional 9,000,000 units for up to $4,500,000 to cover over-allotments [3] - Net proceeds from the offering will be allocated for sustaining and development capital for the company's four operating mines in Mexico, as well as for working capital and general corporate purposes [4] - The offering is expected to close around October 9, 2025, pending necessary regulatory approvals [6] Company Overview - Guanajuato Silver is a precious metals producer focused on reactivating past producing silver and gold mines in central Mexico [9] - The company operates four mines, including the El Cubo Mine, Valenciana Mines Complex, and San Ignacio Mine, all located in Guanajuato, a region with a 480-year mining history [10] - Additionally, the company produces silver, gold, lead, and zinc concentrates from the Topia mine in Durango, positioning itself as one of the fastest-growing silver producers in Mexico [10]