IMPACT SILVER ANNOUNCES CLOSING OF $3.9 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING
Impact Silver Corp. has closed a tranche of the non-brokered private placement financing announced on April 15, 2025, and subsequently increased on April 18, 2025 (see Impact news releases dated April 15, 2025, and April 18, 2025, for details). The financing comprised a LIFE (listed issuer financing exemption) offering and a standard private placement (together referred to as the offering).
The company received aggregate proceeds of $1,658,000 from the issuance of 8.29 million LIFE units at 20 cents per LIFE unit and $2,272,711.86 from the issuance of 12,626,177 units of the company at 18 cents per unit for a total of $3,930,711.86. Each LIFE unit comprised one common share and one-half share purchase warrant, with each whole warrant exercisable for two years at 26 cents per common share. Each unit comprised one common share and one warrant, exercisable for three years at 24 cents per common share.
The company intends to use the proceeds from the offering to follow up recent success in its exploration activity at its Plomosas high-grade zinc(-lead-silver) property and its prolific silver assets at its legacy Royal Mines of Zacualpan district, as well as invest in operational improvements to improve productivity and throughput.
The LIFE portion of the offering was made pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions). The securities sold under the LIFE exemption are not subject to a hold period in accordance with applicable Canadian securities laws. A copy of the offering document under the LIFE exemption dated April 15, 2025, is available electronically on SEDAR+ under the company's issuer profile. The offering remains subject to final acceptance by the TSX Venture Exchange.
In connection with the offering, the company paid an aggregate of $64,696.19 in finders' fees and issued 359,423 finders' warrants on the unit part of the offering to certain finders. Each finder's warrant entitles the holder thereof to purchase one common share of the company at a price of 24 cents per share for three years.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., a Director and VP Exploration of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 867-7909 Direct
