Business
Silver X Mining Announces Non-Brokered Life Private Placement Concurrent With Bought Deal Life Offering For Aggregate Gross Proceeds of Up to 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 Non-Brokered Life Private Placement Concurrent With Bought Deal Life Offering For Aggregate Gross Proceeds of Up to C$21.5 MillionNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / September 15, 2025 / Silver X Mining Corp. (TSX-V:AGX)(OTCQB:AGXPF)(F:AGX) (\"Silver X\" or the \"Company\") is pleased to announce that further to the Company's press release dated September 11 and September 12, 2025 and as a result of strong investor demand, the Company is proceeding with a non-brokered private placement (the \"Non-Brokered Offering\") for the sale of a minimum of 6,000,000 units of the Company (each, a \"Unit\") to a maximum of 11,000,000 Units at a price of C$0.50 per Unit (the \"Offering Price\") for minimum gross proceeds of C$3,000,000 to maximum gross proceeds of C$5,500,000. Red Cloud Securities Inc. (\"Red Cloud\") and Laurentian Bank Securities Inc. (\"LBS\") are acting as finders for the Company in connection with the Non-Brokered Offering.The Non-Brokered Offering is being completed concurrent with the Company's previously announced \"bought deal\" private placement (the \"Brokered Offering\", and collectively with the Non-Brokered Offering, the \"Offerings\") for gross proceeds of C$13,000,000 from the sale of 26,000,000 Units at the Offering Price. Red Cloud, as lead underwriter, and Laurentian Bank Securities (collectively with Red Cloud, the \"Underwriters\") are acting as underwriters in connection with the Brokered Offering. The Company will grant to the Underwriters an option, exercisable up to 48 hours prior to the closing date of the Brokered Offering, to purchase for resale up to an additional 6,000,000 Units at the Offering Price to raise up additional gross proceeds of up to C$3,000,000 (the \"Over-Allotment Option\"). In the event that the Company sells the maximum number of Units issuable under the Offerings, which includes the exercise in full of the Over-Allotment Option, the Company would raise aggregate gross proceeds of C$21.5 million.Each Unit will consist of one common share of the Company (each, a \"Common Share\") and one-half Common Share purchase warrant (each, a \"Warrant\"). Each whole Warrant shall entitle the holder to purchase one Common Share (each, a \"Warrant Share\") at a price of C$...