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Silver Tiger Announces Closing of C$28,773,000 Bought Deal Financing
Silver Tiger Announces Closing of C$28,773,000 Bought Deal Financing Canada NewsWire ...
About this update from Silver Tiger Metals, Inc.
[{"type":"text","content":"\n\n\n\n Silver Tiger Announces Closing of C$28,773,000 Bought Deal Financing\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n\n HALIFAX, NS\n \n\n ,\n \n\n Oct. 7, 2025\n \n\n /CNW/ - Silver Tiger Metals Inc. (TSXV: SLVR) (\"\n \n Silver Tiger\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has closed its previously announced bought deal offering (the \"\n \n Offering\n \n \") of common shares of the Company (the \"\n \n Shares\n \n \") with a syndicate of underwriters. An aggregate of 39,962,500 Shares at a price of\n \n C$0.72\n \n per Share for gross proceeds to the Company of approximately\n \n C$28,773,000\n \n were sold. The Company intends to use the proceeds of the Offering to fund exploration and development expenditures at the Company's El Tigre Project in\n \n Mexico\n \n , as well as for working capital and general corporate purposes.\n \n\n The syndicate of underwriters was led by Stifel Nicolaus Canada Inc. (\"\n \n Stifel\n \n \") as sole bookrunner, and Desjardins Capital Markets (together with Stifel, the \"\n \n Co-Lead Underwriters\n \n \") as co-lead underwriters, and BMO Capital Markets and Ventum Financial Corp. (together with the Co-Lead Underwriters, the \"\n \n Underwriters\n \n \"). The Underwriters were paid a cash commission of 6% on the gross proceeds of the Offering, except in respect of proceeds received from certain orders arranged by the Company, of which up to\n \n C$3,000,000\n \n was subject to a reduced commission rate of 3.0% and up to\n \n C$2,000,000\n \n was subject to a reduced commission rate of 5.0%.\n \n\n The Offering was completed by way of short form prospectus in each of the provinces of\n \n Canada\n \n , except Québec, and outside of\n \n Canada\n \n in accordance with applicable securities laws.\n \n\n This news release does not constitute an offer to sell or a solicitation of an offer to buy...