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Silver Tiger Metals Announces C$15 Million Bought Deal Financing
All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated. HALIFAX, NS, March 24, 2025 /CNW/ - Silver Tiger Metals Inc. (TSXV: SLVR) (O
About this update from Silver Tiger Metals, Inc.
[{"type":"text","content":" All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated. HALIFAX, NS, March 24, 2025 /CNW/ - Silver Tiger Metals Inc. (TSXV: SLVR) (OTCQX: SLVTF) (the \"Company\" or \"Silver Tiger\") is pleased to announce it has entered into an agreement with Stifel Canada and Desjardins Capital Markets, to act as co-lead underwriters (together, the \"Co-Lead Underwriters\") and joint bookrunners (together with a syndicate of underwriters, the \"Underwriters\") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 45,455,000 common shares of the Company (the \"Common Shares\") at a price of C$0.33 per Common Share (the \"Offering Price\") for gross proceeds to the Company of approximately C$15,000,150 (the \"Offering\"). The Company will grant the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering. If this option is exercised in full, an additional C$2,250,023 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be approximately C$17,250,173. The Company plans to use the net proceeds from the Offering to fund exploration and development expenditures at the Company's El Tigre Project in Mexico, as well as for working capital and general corporate purposes. The Common Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Québec. The Common Shares will also be sold to U.S. buyers on a private placement basis pursuant to an exemption from the registration requirements in Rule 144A of the United States Securities Act of 1933, as amended, and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises. The Offering is scheduled to close on or about April 14, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities. The Preliminary and Final Prospectus' will be filed with the securities commissions in each of the provinces of Canada, except Quebec, and will be available on SEDAR+ at www.sedarplus.ca. Alternatively, the Preliminary and Final P...