Business
Silver X Mining Announces Closing Of Private Placements For Aggregate Gross Proceeds Of C$21.5 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Silver X Mining Corp
[{"type":"text","content":"Silver X Mining Announces Closing Of Private Placements For Aggregate Gross Proceeds Of C$21.5 MillionNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / September 29, 2025 / Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) (\"Silver X\" or the \"Company\") is pleased to announce the closing of its previously announced \"bought deal\" private placement (the \"Brokered Offering\") for gross proceeds of C$16,000,000, which includes the full exercise of the Underwriters' over-allotment option as explained below. Pursuant to the Brokered Offering, the Company sold 32,000,000 units of the Company (each, a \"Unit\") at a price of C$0.50 per Unit (the \"Offering Price\"). Red Cloud Securities Inc. (\"Red Cloud\") acted as lead underwriter, Laurentian Bank Securities (collectively with Red Cloud, the \"Underwriters\") acted as co-manager in connection with the Brokered Offering.Further to the Company's press release dated September 15, 2025, the Company has also completed its non-brokered private placement (the \"Non-Brokered Offering\", and collectively with the Brokered Offering, the \"Offerings\") for gross proceeds of C$5,500,000 from the sale of 11,000,000 Units at the Offering Price. The Company raised aggregate gross proceeds of C$21,500,000 from the sale of 43,000,000 Units at the Offering Price under the Offerings. The Underwriters also acted as finders for the Company in connection with the Non-Brokered Offering.José García, President and CEO of Silver X, stated:\"This is an extremely important milestone for Silver X. We are thrilled with the strength of investor demand that led to not one, but two upsizing's of this C$21.5 million financing. This is a critical moment in the Company's trajectory, and we thank all our shareholders for their continued support in sharing our vision of building the next district-scale silver project in Peru.\"\"This financing represents more than just capital - it is the catalyst for transformative growth. For the first time in the Company's history, we have the financial strength required to execute our vision properly and decisively. The injection of capital will allow us to significantly advance our growth plans across exploration, resource conversion, and production scale. Silver X now has the potenti...