Business
Aftermath Closes $20 Million Financing, with Participation by Eric Sprott
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF) (FSE: FLM1) (the "Company" or "Aftermath...
About this update from Aftermath Silver Ltd.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF) (FSE: FLM1) (the "Company" or "Aftermath Silver") is pleased to announce it has closed its previously announced brokered, "best-efforts" private placement (the "Offering") of 22,222,250 common shares (the "Shares") for gross proceeds of $20,000,025. The Offering was led by Research Capital Corporation, as co-lead agent and sole bookrunner, and Red Cloud Securities Inc. as co-lead agent (collectively, the "Agents").","length":595,"tagName":"p"},{"type":"text","content":"The Offering was completed by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions and in reliance on the amendments to Part 5A of NI 45-106 set forth in Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Shares offered under the Listed Issuer Financing Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.","length":532,"tagName":"p"},{"type":"text","content":"The net proceeds from the Offering will be used to fund further exploration and development at the Company's Berenguela Silver-Copper-Manganese project in southern Peru (the "Berenguela Project"), completion of a pre-feasibility study for the Berenguela Project, further exploration at the Company's other mineral projects and for working capital and general corporate purposes.","length":396,"tagName":"p"},{"type":"text","content":"A related party of the Company acquired 9,900,000 Shares pursuant to the Offering. The issuance of such securities to this related party is considered to be a related party transaction within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 ("MI 61-101"). The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 (and Policy 5.9) as the fair market value of the securities issued to such party does not exceed 25% of the Company's market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days prior to the closing...