Silver Deposits
Search documents
Silver47 Announces Closing of $34.5 Million Bought Deal Public Offering, Including Full Exercise of Over-Allotment Option
TMX Newsfile· 2026-01-14 16:09
Core Viewpoint - Silver47 Exploration Corp. has successfully completed a bought deal public offering, raising a total of $34,500,690 through the sale of 32,857,800 units at a price of $1.05 per unit, including the full exercise of the over-allotment option [1][4]. Group 1: Offering Details - The offering was led by Research Capital Corporation as the lead underwriter and sole bookrunner, along with a syndicate of underwriters including Haywood Securities Inc. [2] - Each unit consists of 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 until January 14, 2029 [3]. - 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 2: Financial and Advisory Information - The company paid the underwriters a cash commission of $1,965,433.05 and issued 1,871,841 broker warrants, along with an advisory fee of $29,000 plus tax and 27,619 advisory broker warrants [5]. - Additionally, the company issued 71,427 finder's warrants to an eligible arm's length party, with the same terms as the broker warrants [5]. Group 3: Company Overview - Silver47 Exploration Corp. is focused on mineral exploration, particularly in 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, positioning itself as a leading high-grade silver developer [8].
OTC Markets Group Welcomes Silver47 Exploration Corp. to OTCQX
Globenewswire· 2025-12-05 12:00
Group 1 - Silver47 Exploration Corp. has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market [1][3] - The company begins trading under the symbol "AAGAF" and U.S. investors can access financial disclosures and real-time quotes on OTC Markets [2] - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices, enhancing visibility among U.S. investors [3] Group 2 - Silver47 Exploration Corp. focuses on developing silver-rich deposits in North America, with a total resource of 236 million ounces of silver equivalent (AgEq) at an inferred grade of 334 grams per tonne (g/t) AgEq and 10 million ounces at an indicated grade of 333 g/t AgEq [4] - The company's operations are located in Alaska, Nevada, and New Mexico, which are known for their prolific mining jurisdictions [4] Group 3 - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, providing a data-driven disclosure standard for public markets [5] - The company offers various market platforms, including OTCQX Best Market, OTCQB Venture Market, and others, facilitating efficient access to U.S. financial markets [5]