New Pacific Metals Announces C$35.1 Million Bought Deal Financing

Core Points - New Pacific Metals Corp. has entered into an agreement with Raymond James Ltd. and BMO Capital Markets for a bought deal offering of 9,900,000 common shares at C$3.55 per share, totaling approximately C$35.1 million (US$25.1 million) [1] - Silvercorp Metals Inc. intends to participate in the offering by subscribing to 2,776,950 common shares, representing approximately C$9.86 million (US$7.05 million), which would give Silvercorp approximately 28.05% ownership of New Pacific's outstanding common shares post-offering [2] - The offering will be conducted in all provinces of Canada except Québec and may also be offered via private placement in the United States under registration exemptions [3] - Net proceeds from the offering will be allocated for exploration and development at the Carangas and Silver Sand projects, as well as for working capital and general corporate purposes [4] - The offering is expected to close around October 21, 2025, pending necessary regulatory approvals [4] Company Overview - New Pacific is a Canadian exploration and development company focused on precious metal projects in Bolivia, including the Silver Sand Silver Project, Carangas Silver-Gold Project, and Silverstrike Silver-Gold Project [7]