Silver Wolf Closes Upsized Life Offering of C$2.125 Million to Fund Drill Program at the Ana Maria Property

Executive Summary

• Silver Wolf Exploration closed a non‑brokered private placement of 14,166,665 units at C$0.15 per unit, raising C$2.125 million in gross proceeds.
• Net proceeds will fund a 13‑hole, 3,000‑m drill program on the Ana Maria property in Mexico and provide general working capital.
• Avino Silver & Gold Mines purchased 5,000,000 units (≈C$750,000), increasing its ownership to ~11.65% of common shares (16.5% fully diluted).

Key Details

• Offering size: 14,166,665 units @ C$0.15 per unit → C$2,125,000 gross proceeds.
• Unit composition: 1 common share + ½ non‑transferable warrant (each whole warrant allows purchase of one additional common share at C$0.25, exercisable up to 36 months).
• Finder’s fee: C$1,500 paid to Castlewood Capital Corporation.
• Use of proceeds: Exploration and drilling on the Ana Maria property (Mexico) + general working capital.
• Related party transaction: Avino Silver & Gold Mines acquired 5,000,000 units for C$750,000; exempt from MI 61‑101 valuation/approval thresholds (<25% market cap).
• Ownership impact:
• Pre‑offering Avino held 2,431,719 common shares + 416,677 warrants (~5.28% non‑diluted).
• Post‑offering Avino holds 7,015,052 common shares (~11.65% non‑diluted; 16.5% fully diluted with 2,916,677 warrants).
• Drilling program: Launch of a 13‑hole, 3,000 m drill campaign targeting the Skarn zone within the central claim of Ana Maria.
• Regulatory notes: Offering subject to final TSX‑V acceptance; units issued under NI 45‑106 exemption; early warning filing to be made per MI 61‑101.

Notable Quotes

“This marks an important step in advancing our exploration efforts at Ana Maria. We are pleased to launch a 13‑hole, 3,000‑metre drill program focused on the Skarn target within the central claim of the Ana Maria property in Mexico.” – Peter Latta, President, Silver Wolf Exploration Ltd.