Business
Silver Tiger Metals Inc. Announces Bought Deal Financing
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 BMO Capital Markets, on their own behalf and on behalf of a syndicate of underwriters (the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 34,189,000 common shares of the Company (the "Common Shares") at a price of C$1.17 per Common Share (the "Offering Price") for gross proceeds t
About this update from Silver Tiger Metals, Inc.
[{"type":"text","content":"/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/","length":173,"tagName":"p","attribs":{}},{"type":"text","content":"All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.","length":83,"tagName":"p","attribs":{}},{"type":"text","content":"HALIFAX, NS, Jan. 27, 2026 /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 BMO Capital Markets, on their own behalf and on behalf of a syndicate of underwriters (the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 34,189,000 common shares of the Company (the "Common Shares") at a price of C$1.17 per Common Share (the "Offering Price") for gross proceeds to the Company of approximately C$40,001,130 (the "Offering").","length":671,"tagName":"p"},{"type":"text","content":"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$6,000,000 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be approximately C$46,000,000.","length":422,"tagName":"p"},{"type":"text","content":"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.","length":663,"tagName":"p"},{"type":"text","content":"The Offering is scheduled to close on or about Februa...