Business
GR Silver Announces Upsize of Bought Deal Offering to $17.5 Million
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - GR Silver Mining Ltd. (TSXV: GRSL) (OTCQB: GRSLF) (FSE: GPE) ("GR Silver Mining" or the...
About this update from Gr Silver Mining Ltd.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - GR Silver Mining Ltd. (TSXV: GRSL) (OTCQB: GRSLF) (FSE: GPE) ("GR Silver Mining" or the "Company") is pleased to announce that it has entered into an amended agreement with Research Capital Corporation as the sole bookrunner and co-lead underwriter (and together with Red Cloud Securities Inc. as co-lead underwriter, collectively, the "Underwriters"), to increase the size of its previously announced bought-deal offering, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 58,334,000 units of the Company (the "Units") at a price of $0.30 per Unit (the "Offering Price") for aggregate gross proceeds to the Company of $17,500,200, consisting of:","length":807,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"33,334,000 Units for gross proceeds of $10,000,200, to be issued on a prospectus-exempt basis pursuant to the LIFE Exemption (defined below) under applicable Canadian securities laws (the "LIFE Offering"); and","length":219,"tagName":"p"}]},{"val":[{"type":"text","content":"25,000,000 Units for gross proceeds of $7,500,000, to be issued under a private placement pursuant to applicable prospectus exemptions in accordance with NI 45-106 ("Private Placement Offering", and together with the LIFE Offering, the "Offerings").","length":269,"tagName":"p"}]}],"tagName":"ol","bulletedList":false,"length":488},{"type":"text","content":"Each Unit shall be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.42 per Common Share for a period of 36 months following closing of the Offerings.","length":386,"tagName":"p"},{"type":"text","content":"The net proceeds from the Offerings of the Units will be used for advancement of the Company's Plomosas Project in Mexico, working capital and general corporate purposes.","length":174,"tagName":"p"},{"type":"text","content":"The Company will grant the Underwriters an option (the "Underwriters' Option") to increase the size of: (i) the LIFE Offering ...