Pinnacle Closes First Tranche of Private Placement

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[{"type":"text","content":"Pinnacle Closes First Tranche of Private Placement\n(TheNewswire)\n\n\nVANCOUVER, BRITISH\nCOLUMBIA, December 18, 2025 – TheNewswire -\n(TSXV:\nPINN, OTC: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold\nCorp. (\"Pinnacle\" or the\n“Company\") is pleased to announce that it has closed a first\ntranche of the non-brokered private placement announced on November\n25, 2025 (the “Offering”) for gross proceeds of $1,067,532.94.\n The first tranche consisted of 7,268,171 units\n(the \"Units\") with each Unit, priced at $0.14, comprising\none common share (“Share”) in the capital of the Company and\none-half share purchase warrant (\"Warrant\").  Each whole\nWarrant shall be convertible into an additional Share at an exercise\nprice of $0.20 for a period of 24 months from the date of issuance.\n \n\n\nFinders' Fees consisting of $2,940 in cash\ncommission and 21,000 non-transferable finders' warrants were\npaid in connection with the Offering.  Each finder's warrant\nentitles the holder to acquire one common share at $0.20 cents per\nshare over a 24-month period.  \n\n\nThe net proceeds raised from the Offering will be used\nto advance the high-grade El Potrero gold-silver project in Durango,\nMexico, for project evaluations, and for general working\ncapital.\n\n\nInsiders of the Company participated in the first\ntranche, subscribing for a total of 600,000 units and gross proceeds\nof $84,000.  The participation of the insiders in the Offering will\nconstitute a related-party transaction for the purposes of\nMultilateral Instrument 61-101 (Protection of Minority Security\nHolders in Special Transactions).  The Company is exempt from the\nrequirements to obtain a formal evaluation or minority shareholder\napproval in connection with the insider participation in reliance on\nsections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market\nvalue of the securities issued, nor the fair market value of the\nconsideration for the securities issued will exceed 25 per cent of the\ncompany's market capitalization as calculated in accordance with\nMI 61-101.  \n\n\nAll securities to be issued will be subject to a\nfour-month hold period from the date of issuance and subject to TSX\nVenture Exchange approval.  The securities offered have not...

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