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Impact Silver Announces Closing of $3.9 Million Non-Brokered Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - IMPACT Silver Corp. (TSXV: IPT) (O...
About this update from Impact Silver Corp.
[{"type":"text","content":"Impact Silver Announces Closing of $3.9 Million Non-Brokered Private Placement FinancingVancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTC PINK: ISVLF) (FSE: IKL) (\"IMPACT\" or the \"Company\") is pleased to announce that it has closed a tranche of the non-brokered private placement financing announced on April 15th, 2025 and subsequently increased on April 18th, 2025 (see IMPACT news releases dated April 15, 2025 and April 18, 2025 for details). The financing comprised a LIFE (listed issuer financing exemption) offering and a standard private placement (together referred to as the \"Offering\"). The Company received aggregate proceeds of C$1,658,000 from the issuance of 8,290,000 LIFE units (the \"LIFE Units\") at $0.20 per LIFE Unit and C$2,272,711.86 from the issuance of 12,626,177 units (the \"Units\") of the Company at C$0.18 per Unit for a total of C$3,930,711.86. Each LIFE Unit comprised of one common share and one-half share purchase warrant, with each whole warrant exercisable for two years at $0.26 per common share. Each Unit comprised of one common share and one warrant, exercisable for three years at $0.24 per common share.The Company intends to use the proceeds from the Offering to follow up recent success in its exploration activity at its Plomosas high-grade zinc(-lead-silver) property, and its prolific silver assets at its legacy Royal Mines of Zacualpan district, as well as invest in operational improvements to improve productivity and throughput. The LIFE portion of the Offering was made pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the \"LIFE Exemption\"). The securities sold under the LIFE Exemption are not subject to a hold period in accordance with applicable Canadian securities laws. A copy of the offering document under the LIFE Exemption dated April 15, 2025, is available electronically on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. The Offering remains subject to final acceptance by the TSX Venture Exchange. In connection with the Offering, the Company paid an aggregate of $64,696.19 in finder's fees and issued 359,423 finder's warrants (each, a \"Finder's Warrant\") on the Unit part of the Offering to certain finders. Each Finder's Warrant entitles the holder ther...