Business
Pacifica Silver Closes First Tranche of $10 Million Private Placement Financing; Welcomes Vizsla Silver, First Majestic Silver, Silvercorp Metals and Eric Sprott as Shareholders
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - Pacifica Silver Corp. (CSE: PSIL) ("Pacifica Silver Corp" or the "Company") is pleased to announce the closing of the first tranche of its previously announced C$10 million non-brokered private placement financing by issuing 19.1 million units of the Company ("Units") at a price of C$0.50 per Unit (the "Offering") for aggregate proceeds of C$9.55 million. Participants in the first tranche included Vizsla Silver Corp.; First...
About this update from First Majestic Silver Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - Pacifica Silver Corp. (CSE: PSIL) ("Pacifica Silver Corp" or the "Company") is pleased to announce the closing of the first tranche of its previously announced C$10 million non-brokered private placement financing by issuing 19.1 million units of the Company ("Units") at a price of C$0.50 per Unit (the "Offering") for aggregate proceeds of C$9.55 million. Participants in the first tranche included Vizsla Silver Corp.; First Majestic Silver Corp.; Silvercorp Metals Inc.; and 2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott.","length":655,"tagName":"p"},{"type":"text","content":""We are grateful for the overwhelming support we have received for this financing and are thrilled to welcome several prominent silver mining companies and renowned investor Eric Sprott as new shareholders," stated Todd Anthony, President and CEO of Pacifica Silver. "We deeply value the trust that our new and existing shareholders have placed in our team's vision and expertise. With this support, we are eager to launch an initial +8,000-metre drill program at our Claudia Project in Mexico this fall, aimed at unlocking its vast potential."","length":568,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share of the Company ("Common Share") and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase an additional Common Share at an exercise price of $0.80 for a period of 36 months following the closing of the Offering.","length":357,"tagName":"p"},{"type":"text","content":"The Units under the first tranche of the Offering will be subject to restrictions on resale until December 22, 2025. The proceeds of the Offering are expected to be used for upcoming exploration and drill work at the Claudia Project located in Durango, Mexico, as well as general working capital. No finders' fees were paid under the Offering.","length":347,"tagName":"p"},{"type":"text","content":"The Company expects the second tranche of the Offering to close on or about August 29, 2025.","length":92,"tagName":"p"},{"type":"text","content":"Three insiders subscribed for 450,000 Units for gross proceeds of $225,0...