Magma Silver increases private placement to $5-million

Executive Summary

• Magma Silver Corp. upsized its non‑brokered private placement from $4 M to $5 M, targeting gross proceeds of $5 million.
• The offering will consist of up to 33,333,334 units at C$0.15 per unit; each unit includes one common share and half a warrant (exercise price C$0.25, 36‑month term).
• Net proceeds are earmarked for exploration at the Ninobamba silver‑gold project in Peru, as well as working capital and general corporate purposes.

Key Details

• Upsized Amount: $5 million total gross proceeds (up from previously announced $4 million).
• Units Offered: Up to 33,333,334 units at C$0.15 per unit.
• Unit Composition: 1 common share + ½ common‑share purchase warrant.
• Warrant Terms: Exercise price C$0.25 per share; exercisable for 36 months after closing.
• Use of Proceeds: Primarily exploration at the Ninobamba silver‑gold project (Peru); remainder for working capital and general corporate purposes.
• Expected Closing: On or about October 22, 2025 (or later), subject to customary conditions and TSX Venture Exchange approval.
• Finder Arrangement: Research Capital Corp. appointed exclusive finder; RCC will receive a cash finder's fee and be issued finder's warrants on funds raised from its introduced investors.

Notable Quotes

(No CEO/President quotes were provided in the release.)