Silverco Announces Upsizing of "Bought Deal" Offering to $62.5 Million

About this update from Silverco Mining Ltd.

[{"type":"text","content":"Silverco Announces Upsizing of \"Bought Deal\" Offering to $62.5 MillionVancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - Silverco Mining Ltd. (TSXV: SICO) (\"Silverco\" or the \"Company\") is pleased to announce that it has upsized its previously announced \"bought deal\" offering (the \"Offering\") with Velocity Capital Partners (\"Velocity\"), as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters (collectively, with Velocity, the \"Underwriters\"), from $40 million to $62.5 million.Eric Sprott, a current insider of Silverco, will be participating in the Offering with a lead order of $10 million.Pursuant to the upsizing, the Underwriters have agreed to purchase for resale, on a \"bought deal\" basis, 4,000,000 common shares of the Company (the \"Offered Shares\") at a price of $12.50 (the \"Issue Price\") per Offered Share, for aggregate gross proceeds to the Company of $50 million. In addition, the Offering will now also include the issuance of 1,000,000 units of the Company (the \"Units\" and together with the Offered Shares, the \"Offered Securities\") at the Issue Price per Unit, for additional aggregate gross proceeds to the Company of $12,500,000.Each Unit will consist of one common share of the Company and one-quarter of one warrant, with each whole warrant being exercisable for one common share of the Company at an exercise price of $18.00 per share for a period of 18 months from the date of issuance.The Offered Securities will be offered in each of the Provinces and Territories of Canada (other than Québec) as to: (i) the Offered Shares in reliance on the \"listed issuer financing exemption\" from the prospectus requirements available under National Instrument 45-106 − Prospectus Exemptions (\"NI 45-106\"), as modified by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"Listed Issuer Financing Exemption\"); and (ii) the Units in reliance on other exemptions from the prospectus requirements available under NI 45-106 other than the Listed Issuer Financing Exemption (the \"Private Placement Exemption\"). The Offered Securities may also be offered on a private placement basis in such offshore jurisdictions as may be mutually agreed between the Company and Velocity, provided it...

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