Silver Tiger arranges $25.02M bought deal financing

Executive Summary

• Silver Tiger Metals Inc. entered into a bought‑deal financing agreement with Stifel Canada for up to 34.75 million common shares at C$0.72 per share, targeting gross proceeds of ≈ C$25.02 million.
• The underwriters received an option to purchase an additional 15 % of the offering (up to C$3.753 million), potentially raising total gross proceeds to ≈ C$28.773 million.
• Net proceeds will be used to fund exploration at the El Tigre project in Mexico, as well as for working capital and general corporate purposes; closing is expected around October 7 2025, subject to regulatory approvals.

Key Details

• Offering Size: 34.75 million common shares
• Price per Share: C$0.72
• Gross Proceeds (Base Offering): ≈ C$25.02 million
• Underwriter Option: Up to an additional 15 % of the offering (≈ 5.2125 million shares) exercisable within 30 days post‑closing
• Potential Additional Gross Proceeds if Option Fully Exercised: C$3.753 million
• Total Potential Gross Proceeds: ≈ C$28.773 million
• Bookrunner/Underwriter: Stifel Canada (sole book underwriter)
• Use of Proceeds:
• Finance exploration expenditures at the El Tigre project, Sonora, Mexico
• Working capital
• General corporate purposes
• Offering Mechanics:
• Shares offered via a short‑form prospectus in all Canadian provinces except Quebec
• U.S. investors may purchase on a private placement under Rule 144A and other applicable exemptions
• Closing Date: Expected on or about October 7, 2025, subject to TSX Venture Exchange and securities regulator approvals
• Regulatory Filings: Preliminary and final prospectus to be filed with provincial securities commissions; available on SEDAR+ or upon request ([email protected])

Notable Quotes

(No executive quotes were included in the release.)