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ABRASILVER ANNOUNCES CLOSING OF BOUGHT DEAL LIFE OFFERING
ABRASILVER ANNOUNCES CLOSING OF BOUGHT DEAL LIFE OFFERING Canada NewsWire /NOT FOR ...
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"\n\n\nABRASILVER ANNOUNCES CLOSING OF BOUGHT DEAL LIFE OFFERING\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nTORONTO, Oct. 22, 2025 /CNW/ - AbraSilver Resource Corp. (TSX: ABRA) (\"AbraSilver\" or the \"Company\") is pleased to announce the successful closing of its previously announced bought deal private placement, pursuant to the listed issuer financing exemption (the \"Offering\"), of 6,513,000 common shares of the Company (the \"Common Shares\") at a price of $7.10 per Common Share (the \"Issue Price\") for aggregate gross proceeds of $46,242,300. This total includes the partial exercise of the underwriters' option and included participation from a corporation beneficially owned by Mr. Eric Sprott.\n\n\n\n\n\n\n\nConcurrently with the Offering, the Company issued 270,860 Common Shares to Kinross Gold Corporation (\"Kinross\"), upon the exercise of a participation right held by Kinross (the \"Concurrent Private Placement\"), for aggregate gross proceeds of $1,923,106. The Common Shares sold pursuant to the Concurrent Private Placement are subject to a hold period of four months plus one day from the date of issuance.\nJohn Miniotis, President and CEO, commented \"We're pleased to close this financing at a time of strong progress for AbraSilver, positioning us to accelerate key development activities at Diablillos. With the strongest balance sheet in our history now in place, we are very well positioned for a pivotal year ahead, with a clear focus on rapidly advancing the project and unlocking further value for shareholders\".\nThe net proceeds of the Offering will be used to fund early development expenditures, including on-site infrastructure, securing critical long lead-time items, advanced engineering and exploration programs in support of the advancement of its 100%-owned Diablillos silver-gold project in the Salta province of Argentina, and for general corporate purposes.\nThe Offering was made pur...