RETRANSMISSION: Blackrock Silver Closes C$15 Million Private Placement Led By a C$7 Million Investment from Eric Sprott

Core Viewpoint - Blackrock Silver Corp. has successfully completed a non-brokered private placement, raising gross proceeds of C$14,999,930 to strengthen its balance sheet and advance the Tonopah West project towards development [1][2]. Financing Details - The private placement involved the issuance of 13,636,300 units at a price of C$1.10 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [1]. - Eric Sprott, through 2176423 Ontario Ltd., purchased C$6,999,960 worth of the offering, marking significant support from a cornerstone investor [1][2]. - The net proceeds will be allocated for exploration, permitting, and pre-development activities on the Tonopah West project, as well as for general working capital [2]. Finder's Fees and Related Transactions - The company paid finder’s fees totaling C$689,997 to Research Capital Corporation and issued 627,270 non-transferable finder's warrants, each allowing the purchase of one common share at an exercise price of C$1.50 until January 8, 2028 [3]. - The participation of Eric Sprott in the offering is classified as a "related party transaction," and the company has relied on exemptions from formal valuation and minority shareholder approval requirements [4]. Securities and Hold Period - The common shares, warrants, and finder's warrants issued are subject to a hold period expiring on May 9, 2026 [5]. Company Overview - Blackrock Silver Corp. is focused on the exploration and development of precious metals, particularly silver, with a portfolio of properties in Nevada [7].