Silver Storm Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$13.0 Million

Executive Summary

• Silver Storm Mining Ltd. entered into a bought‑deal private placement underwriting agreement with Red Cloud Securities Inc. for up to 52 million units at C$0.25 per unit, targeting gross proceeds of C$13 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant allows purchase of one additional share at C$0.35 within 36 months).
• An over‑allotment option permits Red Cloud to purchase up to an additional 8 million units for up to C$2 million, potentially raising total gross proceeds to C$15 million.

Key Details

• Units Offered: 52,000,000 (initial) + up to 8,000,000 over‑allotment = max 60,000,000 units.
• Offering Price: C$0.25 per unit.
• Gross Proceeds: C$13,000,000 initially; up to C$15,000,000 if over‑allotment exercised.
• Unit Composition:
• 1 common share (Unit Share)
• ½ of a common‑share purchase warrant (full warrant = right to buy 1 additional share at C$0.35).
• Warrant Terms: Exercise price C$0.35; exercisable any time up to 36 months after the Closing Date.
• Over‑Allotment Option: Up to 8,000,000 additional units, exercisable up to 48 hours before Closing, at the same C$0.25 price.
• Use of Proceeds: Primarily to restart the La Parrilla Silver Mine Complex in Durango, Mexico; remainder for general corporate purposes and working capital.
• Regulatory Structure:
• Up to 51,200,000 “LIFE Units” offered under NI 45‑106 listed issuer financing exemption in Alberta, BC, Manitoba, Ontario, Saskatchewan.
• Remaining units may be sold under accredited investor/minimum amount exemptions in Canada, U.S. private placement exemption, or other jurisdictions, subject to applicable hold periods (four months + one day).
• Closing Date: Expected on September 22, 2025, subject to customary conditions and TSX‑V approval.
• Underwriter/Bookrunner: Red Cloud Securities Inc., acting as sole underwriter and bookrunner on a bought‑deal basis.

Notable Quotes

(No direct quotes were included in the release.)