Silver Tiger Announces Closing of C$28,773,000 Bought Deal Financing

Executive Summary

• Silver Tiger Metals Inc. closed a bought‑deal financing of 39,962,500 common shares at C$0.72 per share, generating approximately C$28.8 million in gross proceeds.
• Proceeds are earmarked for exploration and development at the El Tigre Project in Mexico, as well as working capital and general corporate purposes.
• The offering was executed via a short‑form prospectus with Stifel Nicolaus Canada Inc. as sole bookrunner and a syndicate of co‑lead and participating underwriters; cash commissions ranged from 3% to 6% on gross proceeds.

Key Details

• Offering Size: 39,962,500 shares
• Price per Share: C$0.72
• Gross Proceeds: Approximately C$28,773,000
• Underwriter Syndicate:
• Lead Bookrunner – Stifel Nicolaus Canada Inc.
• Co‑Lead Underwriters – Desjardins Capital Markets (with Stifel)
• Additional Underwriters – BMO Capital Markets and Ventum Financial Corp. (with co‑lead underwriters)
• Commission Structure:
• Standard cash commission of 6% on gross proceeds.
• Reduced commission rates applied to certain orders: up to C$3 million at 3%, and up to C$2 million at 5%.
• Use of Proceeds:
• Fund exploration and development activities at the El Tigre Project (Mexico).
• Provide working capital.
• Support general corporate purposes.
• Regulatory Execution: Completed via short‑form prospectus in all Canadian provinces except Québec, and outside Canada per applicable securities laws.

Notable Quotes

(No direct quotes were provided in the release.)