GR Silver Announces $13 Million Bought Deal LIFE Offering of Units

Core Viewpoint - GR Silver Mining Ltd. has announced a bought deal financing agreement to raise $13,000,200 through the sale of 43,334,000 units at a price of $0.30 per unit, aimed at advancing its Plomosas Project in Mexico and for general corporate purposes [1][3]. Group 1: Offering Details - 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 an exercise price of $0.42 for 36 months [2]. - The offering includes a provision for the underwriters to increase the offering size by up to an additional 3,999,333 units and a 15% increase in the private placement offering [4]. - The closing of the offerings is expected around the week of December 15, 2025, subject to regulatory approvals [8]. Group 2: Use of Proceeds - The net proceeds from the offerings will be allocated to advancing the Plomosas Project, working capital, and general corporate purposes [3]. Group 3: Regulatory and Compliance Information - The LIFE Offering will be conducted under the 'listed issuer financing exemption' and will be free-trading under applicable Canadian securities laws, except in Quebec [5]. - The private placement offering will be available to accredited investors and will have a statutory hold period of four months and one day from closing [7]. Group 4: Underwriters and Fees - The underwriters will receive a cash commission of 6.0% of the aggregate 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 [9].