Silver Tiger increases bought deal to $50-million

Executive Summary

• Silver Tiger Metals Inc. has increased its bought deal financing to $50 million due to strong investor demand, amending the agreement with underwriters Stifel Canada and BMO Capital Markets.
• The company is issuing 42,736,000 common shares at $1.17 per share, with gross proceeds of $50,001,120.
• The underwriters hold an option to purchase up to an additional 15% of the offering, which would raise approximately $7.5 million, bringing total potential gross proceeds to ~$57.5 million.

Key Details

• Transaction Structure: Bought deal financing via amended agreement with Stifel Canada and BMO Capital Markets (syndicate of underwriters).
• Shares Issued: 42,736,000 common shares.
• Price Per Share: $1.17.
• Gross Proceeds (Base): $50,001,120.
• Over-Allotment Option: Underwriters have an option to purchase up to 15% additional shares (approx. 6,410,400 shares) exercisable within 30 days of closing.
• Potential Additional Proceeds: $7,500,168 if option is exercised in full.
• Total Potential Gross Proceeds: Approximately $57.5 million.
• Use of Proceeds: Exploration and development expenditures at the El Tigre project in Mexico, working capital, and general corporate purposes.
• Underwriting Commission: 5.50% of gross proceeds paid in cash.
• Regulatory Filings: Offered via short form prospectus in all Canadian provinces except Quebec; sold to U.S. buyers via private placement exemption (Rule 144A).
• Closing Date: Scheduled on or about Feb. 18, 2026.
• Conditions: Subject to approvals from TSX Venture Exchange and securities regulatory authorities.

Notable Quotes

• None provided in the text.