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IMPACT Silver Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$8.0 Million
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2025) - IMPACT Silver Corp. (TSXV: I...
About this update from Impact Silver Corp.
[{"type":"text","content":"IMPACT Silver Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$8.0 MillionVancouver, British Columbia--(Newsfile Corp. - September 2, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) (\"IMPACT\" or the \"Company\") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (\"Red Cloud\") pursuant to which Red Cloud and Research Capital Corporation (collectively with Red Cloud, the \"Underwriters\"), as co-lead underwriters and joint bookrunners, have agreed to purchase for resale 22,222,222 units of the Company (each, a \"Unit\") at a price of C$0.36 per Unit (the \"Offering Price\") for gross proceeds of approximately C$8,000,000 (the \"Underwritten Offering\"). Each Unit will consist of one common share of the Company (each, a \"Unit Share\") and one common share purchase warrant (each, a \"Warrant\"). Each Warrant shall entitle the holder to purchase one common share of the Company (each, a \"Warrant Share\") at a price of C$0.45 at any time on or before that date which is 24 months after the Closing Date (as defined herein).The Company will grant to the Underwriters an option, exercisable up to 48 hours prior to the Closing Date, to purchase for resale up to an additional 5,555,556 Units at the Offering Price for additional gross proceeds of up to approximately C$2,000,000 (the \"Over-Allotment Option\"). The Underwritten Offering and the securities issuable upon exercise of the Over-Allotment Option shall be collectively referred to as the \"Offering\".The Company intends to use the net proceeds of the Offering for the following:advance underground development and infrastructure at the high-grade Guadalupe mine and increasing processing plant throughput and production flexibility at the Company's 100%-owned Guadalupe Production Centre (Royal Mines of Zacualpan) in the states of Mexico and Guerrero, Mexico;expand mining operations and processing capacity and accelerate resource definition drilling with the objective of extending the mine life at the Company's 100%-owned Plomosas zinc-silver-lead mine and production centre in the state of Chihuahua, Mexico; andgeneral working capital and corporate purposes.The Offering Document (as defined herein) will contain additional details regarding the use of the net proceeds of the Offering.Subject to compliance wi...