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Highlander Silver Closes $86 Million Bought Deal Public Offering
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TO...
About this update from Highlander Silver Corp
[{"type":"text","content":"Highlander Silver Closes $86 Million Bought Deal Public OfferingNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, ONTARIO / ACCESS Newswire / September 29, 2025 / Highlander Silver Corp. (TSX:HSLV) (\"Highlander\" or the \"Company\") is pleased to announce that it has closed its previously announced bought deal public offering, pursuant to which the Company sold 23,000,000 common shares of the Company (the \"Common Shares\") at a price of C$3.75 per Common Share (the \"Offering Price\") for aggregate gross proceeds of C$86,250,000 (the \"Offering\"). The Company has also granted the Underwriters an option to purchase up to an additional 2,330,000 Common Shares, on the same terms and conditions, exercisable in whole or in part, at any time and from time to time, on or prior the 30th day following the closing of the Offering.The Offering was conducted by a syndicate of underwriters led by National Bank Financial Inc. as lead underwriter and sole bookrunner, and including Canaccord Genuity Corp., Velocity Trade Capital Ltd., CIBC World Markets Inc., Ventum Financial Corp., BMO Nesbitt Burns Inc. and Cormark Securities Inc.Daniel Earle, President and CEO, commented, \"We greatly appreciate the steadfast support of our largest shareholders, Augusta Capital, the Lundin family and Eric Sprott. We are also delighted to welcome new global institutional investors to our shareholder base. The oversubscribed offering puts us in the enviable position of substantially funding our San Luis plans, with major investments in community development and infrastructure, while accelerating our capacity for growth.\"The net proceeds from the Offering will be used to fund the advancement of exploration and development activities, project studies and permitting at the Company's San Luis gold-silver project in Peru, as well as for property investigation and acquisition activities and for working capital and general corporate purposes.The Offering was completed in all provinces and territories of Canada, except Quebec, pursuant to a prospectus supplement (the \"Prospectus Supplement\") to the Company's short form base shelf prospectus dated April 10, 2025 (the \"Base Shelf Prospectus\"), and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the U...