GR Silver Announces Upsize of Bought Deal Offering to $17.5 Million

Core Viewpoint - GR Silver Mining Ltd. has amended its agreement with Research Capital Corporation and Red Cloud Securities Inc. to increase the size of its bought-deal offering, raising a total of $17,500,200 through the sale of 58,334,000 units at $0.30 each [1][10]. 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 net proceeds will be allocated to advancing the Plomosas Project in Mexico, working capital, and general corporate purposes [3]. - The Underwriters have an option to increase the offering size by up to 3,999,333 units for the LIFE Offering and 4,333,500 units for the Private Placement Offering, potentially raising total gross proceeds to $20,000,049.90 if fully exercised [4]. Group 2: Regulatory and Legal Framework - The LIFE Offering will be conducted under the 'listed issuer financing exemption' and will be available in all Canadian provinces except Quebec, as well as in other qualifying jurisdictions, including the United States [5]. - The Private Placement Offering will be available to accredited investors in Canada and other jurisdictions where it can be lawfully made, with a statutory hold period of four months and one day from closing [7]. - The closing of the offerings is anticipated around the week of December 15, 2025, subject to necessary regulatory approvals [8]. Group 3: Financial Terms - 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].