Business
Defiance Silver Corp. Announces Upsize of the Brokered LIFE Offering and Non-Brokered Private Placement for Aggregate Gross Proceeds of up to C$14.5 Million
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Defiance Silver Corp. (TSXV: DEF) ...
About this update from Defiance Silver Corp.
[{"type":"text","content":"Defiance Silver Corp. Announces Upsize of the Brokered LIFE Offering and Non-Brokered Private Placement for Aggregate Gross Proceeds of up to C$14.5 MillionVancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) (the \"Company\", or \"Defiance\") is pleased to announce that, as a result of strong investor demand, the Company has increased the size of its previously announced \"best efforts\" private placement (the \"Marketed Offering\") from aggregate gross proceeds of up to C$8,000,000 to aggregate gross proceeds of up to C$13,000,000. The upsized Marketed Offering is comprised of the sale of up to 52,000,000 units of the Company (each, a \"Unit\") at a price of C$0.25 per Unit (the \"Offering Price\").Each Unit will consist of one common share of the Company (each, a \"Common Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share (a \"Warrant Share\") at a price of C$0.35 at any time on or before that date which is 24 months following the Closing Date (as herein defined).Red Cloud Securities Inc. (the \"Agent\") is acting as sole agent and bookrunner in connection with the Brokered Offering (as defined herein). The Company has granted the Agent an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional 8,000,000 Units at the Offering Price for additional gross proceeds of up to C$2,000,000 (the \"Agent's Option\"). The Marketed Offering and the securities issuable upon exercise of the Agent's Option shall be collectively referred to as the \"Brokered Offering.\"Concurrent with the Brokered Offering, the Company plans to complete a non-brokered private placement (the \"Non-Brokered Offering\", and collectively with the Brokered Offering, the \"Offerings\") of up to 6,000,000 units of the Company (the \"NB Units\", and collectively with the Units, the \"Offered Securities\") at a price of C$0.25 per NB Unit for additional gross proceeds of up to C$1,500,000. The NB Units will be issued on substantially the same terms as the Units. The NB Units will be offered by way of the \"accredited investor\" and \"minimum amount investment\" exemptions under National Instrument 45-106 - Pros...