Prince Silver Increases Private Placement to up to $4.75 Million

Core Viewpoint - Prince Silver Corp. has increased its non-brokered private placement from $3,000,000 to up to $4,750,000 due to strong investor demand [1][2]. Group 1: Offering Details - The Offering consists of units priced at $0.70 per Unit, each comprising one common share and one-half of a common share purchase warrant [3]. - Each whole warrant allows the holder to acquire one additional common share at $1.00 for two years, with an acceleration clause if the share price exceeds $1.40 for 10 consecutive trading days [3]. - The Company may issue up to 6,785,714 Units for total gross proceeds of up to $4,750,000, subject to regulatory approval [4]. Group 2: Use of Proceeds - Proceeds from the Offering are intended for advancing the next phase of drilling at the Prince Silver Project, completing a maiden mineral resource estimate, conducting ongoing metallurgical work, and general working capital [5]. Group 3: Company Overview - Prince Silver Corp. is focused on silver exploration, advancing its Prince Silver-Zinc-Manganese-Lead Mine in Nevada, which has been historically drill tested by over 129 holes [6]. - The Company also holds an interest in the Stampede Gap Project, a copper-gold-molybdenum porphyry system, indicating a focus on high-potential exploration assets [6].