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Viscount Mining Announces $5.0 Million Brokered LIFE Offering Led by Centurion One Capital
TMX Newsfile· 2026-02-18 21:45
Core Viewpoint - Viscount Mining Corp. has announced a brokered private placement to raise up to $5,000,000 through the sale of up to 6,250,000 units at an issue price of $0.80 per unit, with each unit consisting of one common share and one-half of a share purchase warrant [1][3]. Group 1: Offering Details - The offering includes an option for the Lead Agent to increase the size by an additional 6,250,000 units for up to $5,000,000 in gross proceeds [2]. - The net proceeds from the offering are intended for capital expenditures and general working capital, including the advancement of exploration programs [3]. - The offering will be conducted under specific exemptions in Canada and the U.S., and the securities will not be subject to a statutory hold period [4]. Group 2: Closing and Participation - The offering is expected to close on or around February 27, 2026, subject to necessary approvals [6]. - Certain insiders and affiliates may acquire up to approximately 10% of the offering, which will be considered a related party transaction [7]. Group 3: Company Overview - Viscount Mining Corp. focuses on advancing high-quality silver, gold, and copper assets in the Western United States, including the Silver Cliff project in Colorado and the Cherry Creek multi-metal district in Nevada [9]. - The Silver Cliff project consists of 96 lode claims in a historic silver district, while the Cherry Creek project includes over 20 past-producing mines and is considered highly prospective for multi-metal discoveries [10]. Group 4: Technical Information - The scientific and technical information in the release has been reviewed by a Qualified Person, ensuring compliance with industry standards [8].