Prince Silver arranges $3-million private placement

Executive Summary

• Prince Silver Corp. announced a non-brokered private placement of up to 4,687,500 units at $0.64 per unit, raising up to $3 million in gross proceeds.
• The company entered into a strategic marketing partnership with Machai Capital Inc. for digital marketing services, with a total cost of $200,000 plus GST, scheduled to run from October 2025 to December 2025.
• Proceeds from the financing will be used to expand the drill exploration program on the 100%-owned Prince Silver project in Nevada and for general corporate working capital.

Key Details

• Financing Structure: Non-brokered private placement of up to 4,687,500 units.
• Price: $0.64 per unit.
• Gross Proceeds: Up to $3,000,000.
• Warrant Terms: Each unit includes one common share and one-half common share purchase warrant. Each full warrant is exercisable to purchase one common share at $0.95.
• Warrant Expiry: 18 months from issuance, subject to acceleration if the closing price is $1.35 or higher for 10 consecutive trading days (expiry becomes 30 calendar days after press release notice).
• Finder’s Fees: 7% payable to eligible finders.
• Use of Proceeds: Expansion of the drill exploration program on the Prince Silver project (Nevada, USA) and general corporate working capital.
• Regulatory Conditions: Subject to Canadian Securities Exchange (CSE) approval; securities subject to statutory hold periods of four months and one day from closing.
• Marketing Agreement: Retained Machai Capital Inc. for digital marketing, branding, SEO, SEM, and lead generation.
• Marketing Cost: $200,000 plus GST.
• Marketing Timeline: Campaign launches October 2025 and continues through December 2025.
• Counterparty Status: Machai Capital is arm's length to Prince Silver with no other relationship.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.