Capitan Silver closes $6M investment by Schroder

Executive Summary

• Capitan Silver Corp. has completed a C$6 million private placement investment from Schroder Investment Management Ltd. acting on behalf of a UCITS fund.
• The transaction involves the issuance of 2,955,665 common shares at $2.03 per share, bringing total equity raised in December 2025 to approximately $29 million when combined with a previously announced $23 million bought deal.
• Net proceeds are designated for exploration at the Cruz de Plata silver-gold project, working capital, and general corporate purposes.

Key Details

• Investor: Schroder Investment Management Ltd. (acting as agent for one of its UCITS funds).
• Transaction Structure: Non-brokered private placement.
• Shares Issued: 2,955,665 common shares.
• Price Per Share: $2.03 CAD.
• Gross Proceeds: $5,999,999.95 CAD.
• Use of Proceeds: Exploration activities at the Cruz de Plata silver-gold project, working capital, and general corporate purposes.
• Hold Period: Common shares are subject to a four-month statutory hold period in Canada.
• Regulatory Status: Subject to final approval of the TSX Venture Exchange.
• Finder’s Fees: A cash finder’s fee of 6% may be paid to Stifel Canada, TD Securities Inc., BMO Capital Markets, and Canaccord Genuity Corp.
• December 2025 Financing Context:
  • Total equity raised in December 2025: ~$29 million.
  • Total shares issued in December 2025: 14,288,915 common shares.
  • Issue price for December offerings: $2.03 per common share.
  • Includes the recently completed $23 million bought deal offering under the listed issuer financing exemption (LIFE).

Notable Quotes

• None provided in the text.