Business
Guanajuato Silver Announces Closing of C$18 Million Financing
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS R...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"Guanajuato Silver Announces Closing of C$18 Million Financing THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. VANCOUVER, BC / ACCESS Newswire / August 21, 2025 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR) is pleased to announce the closing of its previously announced non-brokered Listed Issuer Financing Exemption private placement (the \"Offering\") for aggregate gross proceeds to the Company of C$18M under the Listed Issuer Financing Exemption (\"LIFE\") private placement. The Company engaged Medalist Capital Ltd. and Research Capital Corporation (the \"Finders\") as exclusive finders to assist with the Offering.James Anderson, Chairman & CEO said, \"With this strengthening of our balance sheet, Guanajuato Silver is now positioned to make significant upgrades to our underground mining fleet and to our three processing facilities, as we move to establish improved operational consistency at all four of our producing silver mines. Furthermore, current exploration and development drill programs will be scaled up considerably as we move to expand our mineral resource base. We thank current and past investors for their continued support as we build Mexico's next mid-tier silver producer.\"The Offering consisted of 60,000,000 units of the Company (the \"Units\") at a price of C$0.30 per Unit (the \"Offering Price\"). 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 such warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase an additional Common Share at an exercise price of $0.45 for a period of 36 months subject to customary anti-dilution adjustments, until August 21, 2028.Net proceeds from the Offering will be used to, inter alia:add to the Company's underground fleet and ramp up production at GSilver's producing mines in Guanajuato and Durango.fund certain improvements to expand and modernize the processing facilities at the Topia mine and mill complex including capital expenditures and related costs.fund corporate head office general and administrative expenses including legal, audit, overhead and salaries for the ensuing 12 months.carry out detailed exploration at GS...