IMPACT Silver Announces C$2.7 Million Non-Brokered Private Placement Financing

About this update from Impact Silver Corp.

[{"type":"text","content":"IMPACT Silver Announces C$2.7 Million Non-Brokered Private Placement FinancingVancouver, British Columbia--(Newsfile Corp. - December 6, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) (\"IMPACT\" or the \"Company\") is pleased to announce a non-brokered private placement financing, pursuant to the listed issuer financing exemption (LIFE) of National Instrument 45-106 - Prospectus Exemptions, to raise gross proceeds of up to $2.7 million from the sale of up to 15,882,353 units at a price of C$0.17 per Unit (the \"Offering Price\") for gross proceeds of up to C$2,700,000 (the \"Offering\"). Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant of the Company, with each Warrant entitling the holder thereof to acquire one common share of the Company (a \"Warrant Share\") at a price of $0.22 per Warrant Share until the date that is 24 months from the closing date of the Offering.The Company intends to use the proceeds from the offering to accelerate exploration activity at the recently acquired Plomosas high-grade zinc-lead-silver property located in Chihuahua, Mexico, as well as for working capital requirements and other general corporate purposes including legal and financing fees related to the offering. Exploration activities include sampling, target definition, and drilling with the intention of expanding the existing JORC mineral resource at Plomosas, where only 600m of the 6-kilometre-long structure has been tested. The region is known for hosting some of the largest carbonate replacement deposits in the world.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Offering is being made pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \"Listed Issuer Financing Exemption\"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the \"Offering Document\") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at impactsilver.com. Prospective investors should read this Offering Document before making an investm...

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