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GR Silver Announces Upsize of Bought Deal Offering to $17.5 Million
Newsfile· 2025-12-01 18:52
Core Viewpoint - GR Silver Mining Ltd. has amended its agreement with Research Capital Corporation and Red Cloud Securities Inc. to increase the size of its bought-deal offering, raising a total of $17,500,200 through the sale of 58,334,000 units at $0.30 each [1][10]. Group 1: Offering Details - 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 $0.42 for 36 months [2]. - The net proceeds will be allocated to advancing the Plomosas Project in Mexico, working capital, and general corporate purposes [3]. - The Underwriters have an option to increase the offering size by up to 3,999,333 units for the LIFE Offering and 4,333,500 units for the Private Placement Offering, potentially raising total gross proceeds to $20,000,049.90 if fully exercised [4]. Group 2: Regulatory and Legal Framework - The LIFE Offering will be conducted under the 'listed issuer financing exemption' and will be available in all Canadian provinces except Quebec, as well as in other qualifying jurisdictions, including the United States [5]. - The Private Placement Offering will be available to accredited investors in Canada and other jurisdictions where it can be lawfully made, with a statutory hold period of four months and one day from closing [7]. - The closing of the offerings is anticipated around the week of December 15, 2025, subject to necessary regulatory approvals [8]. Group 3: Financial Terms - The Underwriters will receive a cash commission of 6.0% of the aggregate gross proceeds and broker warrants equal to 6.0% of the units sold, with each broker warrant allowing the purchase of one unit at the offering price for 36 months [9].
GR Silver Announces $12 Million Bought Deal LIFE Offering of Units
Newsfile· 2025-07-28 11:54
Core Points - GR Silver Mining Ltd. has entered into an agreement with Research Capital Corporation for a bought deal offering of 60,000,000 units at a price of $0.20 per unit, resulting in gross proceeds of $12,000,000 [1][3] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.28 for 36 months [2] - The net proceeds will be allocated to the advancement of the Plomosas Project in Mexico, working capital, and general corporate purposes [3] Offering Details - The underwriter has an option to increase the offering size by up to 15% of the total number of units issued, exercisable up to 48 hours before closing [4] - The offering will be conducted under the listed issuer financing exemption, making the units immediately "free-trading" under Canadian securities laws [5] - The closing of the offering is expected around August 12, 2025, pending necessary regulatory approvals [7] Financial Terms - The underwriter will receive a cash commission of 6.0% of the gross proceeds and broker warrants equal to 6.0% of the units sold, with each broker warrant allowing the purchase of one unit at the offering price for 36 months [8] Company Overview - GR Silver Mining is a Canadian-based junior mineral exploration company focused on silver-gold resource expansion in Mexico, controlling 100% of the Plomosas Project [10] - The company is engaged in cost-effective exploration and has made recent discoveries in its 78 km² of advanced-stage exploration concessions [10]
Dolly Varden Silver Announces Full Exercise of Underwriters' Option in Bought-Deal Financing for Total of $28.76 Million, With Participation by Eric Sprott
Newsfile· 2025-06-11 01:47
Core Viewpoint - Dolly Varden Silver Corporation has successfully completed a bought-deal financing, raising a total of $28,755,500 through the sale of various securities, including common shares and flow-through shares [2][4]. Financing Details - The underwriters exercised their option in full for gross proceeds of $3,750,500, contributing to the total gross proceeds of $28,755,500 [2]. - The financing includes: - 2,445,500 common shares at $4.60 per share, generating $11,249,300 [2]. - 1,128,000 charity flow-through shares at $6.65 per share, raising $7,501,200 [2]. - 1,740,000 flow-through shares at $5.75 per share, yielding $10,005,000 [2]. Use of Proceeds - Net proceeds from the common shares will be allocated for working capital and general corporate purposes [4]. - Proceeds from the charity flow-through shares and flow-through shares will be directed towards exploration, mineral resource expansion, and drilling in the Kitsault Valley project [4]. Closing and Regulatory Approvals - The offerings are expected to close on June 26, 2025, pending necessary regulatory approvals from the TSX Venture Exchange and NYSE American [5]. - The LIFE Offering will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under Canadian securities laws [6][7]. Participation and Additional Rights - Eric Sprott, through 2176423 Ontario Ltd., has expressed intent to participate in the financing [3]. - Hecla Canada Ltd. and Fury Gold Mines Ltd. have rights to acquire common shares at $4.60 per share to maintain their equity interest [9]. Company Overview - Dolly Varden Silver Corporation focuses on advancing its 100% held Kitsault Valley Project, which includes high-grade silver and gold resources [11]. - The project is located in the Golden Triangle of British Columbia and is considered prospective for further precious metal deposits [11].