Pacifica Silver increases financing to $20.01-million

Executive Summary

• Pacifica Silver Corp. has upsized its brokered private placement offering of common shares due to strong investor demand, increasing the total gross proceeds to up to $20.01 million.
• The offering consists of 13.8 million common shares priced at $1.45 per share, with an additional option for the agents to sell up to 15% more shares for up to $3.0015 million in additional proceeds.
• Net proceeds will be utilized for exploration and drilling activities at the Claudia project in Durango, Mexico, as well as for working capital and general corporate purposes.

Key Details

• Offering Size: Gross proceeds increased to up to $20.01 million.
• Share Quantity: 13.8 million common shares.
• Price Per Share: $1.45.
• Over-Allotment Option: Agents have an option to purchase up to an additional 15% of the upsized offering (approx. 2.07 million shares) at the issue price, providing up to $3,001,500 in additional gross proceeds.
• Agents: Raymond James Ltd., on behalf of a syndicate including Research Capital Corp.
• Use of Proceeds: Advancing exploration and drilling at the Claudia project (Durango, Mexico), working capital, and general corporate purposes.
• Regulatory Basis: Listed issuer financing exemption under Part 5A of National Instrument 45-106, as amended by Coordinated Blanket Order 45-935.
• Jurisdictions: Sold to eligible purchasers in all Canadian provinces except Quebec, and other qualifying jurisdictions including the United States.
• Resale Restrictions: Common shares are not subject to resale restrictions under applicable Canadian securities laws.
• Closing Date: Expected on or about January 23, 2026.
• Conditions: Subject to closing conditions including receipt of necessary approvals, specifically conditional listing approval from the Canadian Securities Exchange (CSE) and applicable securities regulatory authorities.

Notable Quotes

• No direct quotes from management were included in the provided text.