Silver47 Announces $20 Million Bought Deal Public Offering of Units

Core Viewpoint - Silver47 Exploration Corp. has announced a bought deal offering to raise $20,000,400 through the sale of 19,048,000 units at a price of $1.05 per unit, which will support its silver projects and general corporate purposes [1][3]. Group 1: Offering Details - The offering consists of units, each comprising 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 $1.40 for 36 months [2]. - The underwriters have an over-allotment option to increase the offering size by up to 15% of the total number of units issued, exercisable within 30 days following the closing [4]. - The expected closing date for the offering is around January 12, 2026, subject to regulatory approvals [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to accelerate and expand planned drill programs on the company's silver projects, as well as for working capital and general corporate purposes [3]. Group 3: Company Overview - Silver47 Exploration Corp. focuses on developing silver-rich deposits in North America, with a combined resource totaling 236 million ounces of silver equivalent at an inferred grade of 334 g/t and 10 million ounces at an indicated grade of 333 g/t [8]. - The company operates in key mining jurisdictions in Alaska, Nevada, and New Mexico, aiming to become a leading high-grade silver developer [8].