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Silver47 Announces Closing of $23 Million Brokered LIFE Financing, Including Full Exercise of the Over-Allotment Option
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Silver47 Exploration Corp. (...
About this update from Silver47 Exploration Corp
[{"type":"text","content":"Silver47 Announces Closing of $23 Million Brokered LIFE Financing, Including Full Exercise of the Over-Allotment OptionVancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) (\"Silver47\" or the \"Company\") is pleased to announce the closing of its previously announced brokered private placement (the \"Offering\") of units (each, a \"Unit\") at a price of $0.70 per Unit for aggregate gross proceeds of $23,000,460, including the full exercise of the over-allotment option.The Offering was led by Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Eventus Capital Corp. and Haywood Securities Inc. (collectively, the \"Agents\").Each Unit is comprised of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant is exercisable to acquire one Common Share at a price of $1.00 per Common Share until September 16, 2028. The Company intends to use the net proceeds of the Offering for further exploration work on the Company's projects and for general working capital purposes.The Units were sold in reliance on the \"listed issuer financing exemption\" from the prospectus requirement available under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemptions (the \"Listed Issuer Financing Exemption\"). The securities sold under the Listed Issuer Financing Exemption, including securities issuable upon exercise thereof, are not subject to a hold period in accordance with applicable Canadian securities laws, other than those sold to a director of the Company which are subject to a hold period expiring on January 17, 2026 in accordance with the policies of the TSXV Venture Exchange (the \"Exchange\").In consideration for the services provided by the Agents in connection with the Offering, Silver47 paid to the Agents an aggregate cash commission of $1,193,175 and issued to the Agents an aggregate of 1,704,536 broker warrants of the Company (the \"Broker Warrants\"). Each Broker Warrant is exercisable to acquire one Common Share at a price of $0.70 per Common Share until Sep...