Aftermath Closes $20 Million Financing, with Participation by Eric Sprott

Core Viewpoint - Aftermath Silver Ltd. has successfully closed a brokered private placement, raising gross proceeds of $20,000,025 through the issuance of 22,222,250 common shares, aimed at funding exploration and development projects, particularly the Berenguela Silver-Copper-Manganese project in Peru [1][3]. Group 1: Offering Details - The private placement was completed under the Listed Issuer Financing Exemption, allowing the shares to be sold without resale restrictions under Canadian securities laws [2]. - A related party acquired 9,900,000 shares in the offering, which is classified as a related party transaction, exempt from certain valuation and minority shareholder approval requirements due to the fair market value being below 25% of the company's market capitalization [4]. - The company paid approximately $1,200,000 in cash commissions to the agents involved in the offering, which is subject to final approval from the TSX Venture Exchange [5]. Group 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 [3]. Group 3: Company Overview - Aftermath Silver Ltd. is a Canadian junior exploration company focused on silver and critical metals, aiming to create shareholder value through the discovery and development of quality projects in stable jurisdictions [7].