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Silver47 Announces Closing of $34.5 Million Bought Deal Public Offering, Including Full Exercise of Over-Allotment Option
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2026) - Silver47 Exploration Corp. (T...
About this update from Silver47 Exploration Corp
[{"type":"text","content":"Silver47 Announces Closing of $34.5 Million Bought Deal Public Offering, Including Full Exercise of Over-Allotment OptionVancouver, British Columbia--(Newsfile Corp. - January 14, 2026) - Silver47 Exploration Corp. (TSXV: AGA) (OTCQX: AAGAF) (the \"Silver47\" or the \"Company\") is pleased to announce that it has completed its previously announced and upsized bought deal public offering of 32,857,800 units of the Company (the \"Units\"), including the full exercise of the over-allotment option, at a price of $1.05 per Unit for aggregate gross proceeds to the Company of $34,500,690 (the \"Offering\").The Offering was led by Research Capital Corporation as the lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, including Haywood Securities Inc. (collectively, the \"Underwriters\").Each Unit consists of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a \"Warrant\"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $1.40 per Common Share until January 14, 2029. The net proceeds from the Offering will be used to accelerate and expand planned drill programs on the Company's silver projects, and for working capital and general corporate purposes. The Offering was completed pursuant to a prospectus supplement of the Company filed in all of the provinces of Canada and dated January 2, 2026 that supplemented the short form base shelf prospectus of the Company dated November 26, 2025. The Offering remains subject to the final approval of the TSX Venture Exchange (the \"TSXV\").In connection with the Offering, the Company paid the Underwriters an aggregate cash commission of $1,965,433.05 and issued to the Underwriters an aggregate of 1,871,841 broker warrants (the \"Broker Warrants\"). The Underwriters also received an aggregate advisory fee of $29,000 plus tax and an aggregate of 27,619 advisory broker warrants on the same terms as the Broker Warrants. In addition, the Company issued to an eligible arm's length party, 71,427 finder's warrants on the same terms as the Broker Warrants. Each Broker Warrant entitles the holder thereof to acquire one Common Share at a price of $1.05 per Common Share until January 14, 2029. Eventus Capital Corp. is a special advisor to the Compan...