Aftermath Silver Announces $15 Million Brokered LIFE Offering, With Participation by Eric Sprott
Globenewswire·2025-12-15 12:52

Core Viewpoint - Aftermath Silver Ltd. has announced a private placement offering of up to 16,666,667 common shares at a price of $0.90 per share, aiming to raise up to $15 million for exploration and development projects, particularly the Berenguela Silver-Copper-Manganese project in Peru [1][4]. Financing Details - The offering will be conducted by Research Capital Corporation as the sole bookrunner and co-lead agent, alongside Red Cloud Securities Inc. as co-lead agent [1]. - There is an option for the agents to increase the offering size by up to 15%, potentially raising total gross proceeds to $17.25 million through the issuance of 19,166,667 common shares [3]. - Mr. Eric Sprott has expressed intent to participate in the offering with an investment of up to $10 million [2]. Use of Proceeds - The net proceeds from the offering will be allocated to further exploration and development of the Berenguela Project, completion of a pre-feasibility study, exploration of other mineral projects, and general corporate purposes [4]. Regulatory and Offering Structure - The common shares will be offered under the listed issuer financing exemption, allowing for immediate "free-trading" upon closing under applicable Canadian securities laws [5]. - The closing of the offering is anticipated around December 23, 2025, subject to necessary regulatory approvals [7]. Company Overview - Aftermath Silver Ltd. is a Canadian junior exploration company focused on silver and critical metals, with a portfolio of projects selected for their growth potential [9]. - The company holds a 100% interest in the Berenguela project, located in southern Peru, and has plans for further development [10].