Core Viewpoint - Capitan Silver Corp. has successfully closed a private placement offering, raising approximately C$23 million to fund exploration and working capital [1][3]. Group 1: Offering Details - The offering consisted of 11,333,250 common shares priced at C$2.03 each, resulting in gross proceeds of C$23,006,497.50 [1]. - Stifel Canada acted as the sole bookrunner and lead underwriter, with TD Securities Inc., BMO Capital Markets, and Canaccord Genuity Corp. as co-underwriters [2]. - The net proceeds will be allocated to exploration activities at the Cruz de Plata gold-silver project and for general corporate purposes [3]. Group 2: Regulatory Compliance - The common shares were issued under the "listed issuer financing exemption" as per National Instrument 45-106, allowing for no statutory hold period for most investors [4]. - Certain insiders are subject to a hold period until April 18, 2026, in accordance with TSX Venture Exchange policies [4]. - The offering was also made available in the United States and other jurisdictions under applicable laws [4]. Group 3: Financial Aspects - The company paid approximately C$1,372,473 in cash commissions to the underwriters for their services [5]. - Related parties, including insiders, participated in the offering, subscribing for a total of 1,960,000 common shares [6]. Group 4: Company Overview - Capitan Silver is focused on developing a high-grade silver system at its Cruz de Plata project in Mexico's primary silver belt [9]. - The company is led by an experienced management team that has successfully advanced multiple projects into production [9]. - Capitan Silver maintains a tight share structure, with the top three shareholders owning over 38% of the company's share capital [9].