Pacifica Silver Announces Upsizing of Brokered Offering
Globenewswire·2026-01-16 14:40

Core Viewpoint - Pacifica Silver Corp. has increased its brokered private placement offering to raise gross proceeds of up to $20,010,000 due to strong investor demand [1][2]. Group 1: Offering Details - The Upsized Offering consists of 13,800,000 Common Shares priced at $1.45 per share [1]. - The Agents have an option to sell an additional 15% of the Upsized Offering, potentially raising an extra $3,001,500 [2]. - The Offering is expected to close on or about January 23, 2026, subject to necessary approvals [5]. Group 2: Use of Proceeds - Net proceeds from the Offering will be allocated to advance exploration and drilling activities at the Claudia Project in Durango, Mexico, as well as for working capital and general corporate purposes [2]. Group 3: Company Overview - Pacifica Silver Corp. is a Canadian resource company focused on its 100% owned Claudia Project, which spans 11,876 hectares in the historic El Papantón Mining District [8]. - The Project has shown high-grade silver and gold intercepts from historical sampling and drilling, with only about 10% of over 30 kilometers of known veins drilled to date [8].