Silver Dollar Announces Closing of $5.9 Million Brokered Financing, with Participation by Eric Sprott

Core Viewpoint - Silver Dollar Resources Inc. has successfully closed a brokered private placement offering, raising a total of $5,900,000 through the sale of units priced at $0.35 each [1][3]. Group 1: Offering Details - The offering consisted of units, each comprising one common share and one common share purchase warrant, with warrants priced at $0.45 and valid until October 3, 2028 [2]. - A total of 14,000,000 units were sold under the Listed Issuer Financing Exemption, while 2,857,150 units were sold to accredited investors [4]. - The company paid a cash commission of $347,343.15 to the agent and issued 992,409 broker warrants, which can be exercised at $0.35 until October 3, 2028 [9]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to exploration activities on the La Joya Silver Project in Durango, Mexico, and the Ranger-Page Ag-Pb-Zn Project in Idaho, as well as for general working capital [3]. Group 3: Major Shareholder Activity - Eric Sprott, through his corporation, acquired 2,857,150 units for a total of $1,000,002.50, increasing his ownership to 12,878,391 common shares and 4,356,150 warrants post-offering [5][6]. - Following the offering, Sprott holds approximately 17.5% of the outstanding shares on a non-diluted basis and 22.1% on a partially diluted basis [5]. Group 4: Company Overview - Silver Dollar Resources Inc. is focused on mineral exploration in North America's mining regions, particularly in Idaho's Silver Valley and the Durango-Zacatecas silver-gold belt, with a commitment to aggressive growth and potential acquisitions [11].