Business
First Andes Silver Announces $2 Million Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC Pink: MSLVF) (FSE: 9TZ0) ("First Andes" or the "Company") is pleased to announce a private placement financing of up to 16,666,667 common shares (each, a "Common Share") at a price of $0.12 per Common Share for aggregate gross proceeds of up to $2,000,000 (the "Offering") pursuant to an in accordance with the listed issuer financing exemption under Section 5A.2 of National Instrument...
About this update from First Andes Silver Ltd
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC Pink: MSLVF) (FSE: 9TZ0) ("First Andes" or the "Company") is pleased to announce a private placement financing of up to 16,666,667 common shares (each, a "Common Share") at a price of $0.12 per Common Share for aggregate gross proceeds of up to $2,000,000 (the "Offering") pursuant to an in accordance with the listed issuer financing exemption under Section 5A.2 of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinate Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "LIFE Exemption").","length":724,"tagName":"p"},{"type":"text","content":"The Company may pay finders a fee in cash and share purchase warrants as permitted under the rules of the TSX Venture Exchange. Each finder's warrant will be exercisable at a price of $0.12 per share for a period of two years from the date of issue.","length":253,"tagName":"p"},{"type":"text","content":"There will be an offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the Company's website. Prospective investors should read the offering document before making an investment decision.","length":249,"tagName":"p"},{"type":"text","content":"The net proceeds of the offering will be used on: (i) an augmented Q2 2026 drilling program at the Santas Gloria Property; (ii) exploration work the Santas Gloria Property; (iii) annual mineral claim payments in Peru; and (vi) general working capital purposes.","length":260,"tagName":"p"},{"type":"text","content":"Closing is subject to the acceptance of the TSX Venture Exchange.","length":65,"tagName":"p"},{"type":"text","content":"About First Andes Silver Ltd.","length":29,"tagName":"p"},{"type":"text","content":"First Andes Silver Ltd. is a British Columbia company that holds a 100% interest in the high-grade Santas Gloria silver property, located in a major mining district 55 km east of Lima, Peru. Santas Gloria has excellent established road access, is situated within a well-known intermediate-sulphidation epithermal belt, and hosts over 12 km of multiphase veins mapped at surface that had never been historically drilled or explored by modern techniques prio...