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Capitan Silver Announces Closing of C$23 Million Bought Deal Financing, Including Full Exercise of the Underwriters' Option
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2025) -   Capitan Silver Corp. (...
About this update from Capitan Silver Corp
[{"type":"text","content":"Capitan Silver Announces Closing of C$23 Million Bought Deal Financing, Including Full Exercise of the Underwriters' OptionVancouver, British Columbia--(Newsfile Corp. - December 17, 2025) -  Capitan Silver Corp. (TSXV: CAPT) (\"Capitan\" or the \"Company\") is pleased to announce the closing of its previously announced \"bought deal\" private placement (the \"Offering\") of an aggregate of 11,333,250 common shares of the Company (the \"Common Shares\") at a price of C$2.03 per Common Share for aggregate gross proceeds to the Company of C$23,006,497.50, including full exercise of the option granted to the Underwriters (as defined below). Stifel Canada, as sole bookrunner and lead underwriter, together with TD Securities Inc., BMO Capital Markets and Canaccord Genuity Corp. (collectively, the \"Underwriters\") acted as underwriters in connection with the Offering pursuant to the terms of an underwriting agreement dated December 17, 2025.The net proceeds of the Offering shall be used to fund exploration activities at the Company's Cruz de Plata gold-silver project and for working capital and general corporate purposes, as is more fully described in the Amended and Restated Offering Document (as defined below).In accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Common Shares were issued to purchasers resident in certain provinces of Canada pursuant to the \"listed issuer financing exemption\" (the \"Listed Issuer Financing Exemption\") under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Pursuant to the Listed Issuer Financing Exemption, the Common Shares issued pursuant to the Offering are not subject to a statutory hold period pursuant to applicable Canadian securities laws; provided, however, that the Common Shares issued pursuant to the Offering to certain insiders of the Company are subject to a hold period pursuant to the policies of the TSX Venture Exchange which will expire on April 18, 2026. The Common Shares were also offered in the United States or to, or for the account or benefit of, U.S. persons by way of private placement pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), and in jur...