Abrasilver arranges $43.4-million private placement

Executive Summary

• Abrasilver Resource Corp. entered into a bought‑deal private placement for 6,113,000 common shares at $7.10 per share, targeting gross proceeds of $43.4 million.
• Underwriters have an option to purchase up to an additional 929,253 shares, potentially raising another $6.60 million.
• Net proceeds will fund early‑stage development of the 100% owned Diablillos silver‑gold project in Salta, Argentina (infrastructure, long‑lead items, engineering and exploration).

Key Details

• Offering Structure:
• Bought‑deal Life Private Placement under NI 45‑106.
• Lead underwriters: National Bank Financial Inc. and Beacon Securities Ltd., acting as co‑bookrunners for a syndicate.
• Shares & Pricing:
• Initial shares: 6,113,000 common shares @ $7.10 per share.
• Gross proceeds: $43,402,300.
• Underwriters’ Option:
• Up to 929,253 additional shares at the same price.
• Potential extra gross proceeds: $6,597,696.30.
• Concurrent Private Placement:
• Participation rights held by Kinross Gold Corp. and Proener SAU (Central Puerto).
• If exercised, these parties may purchase additional shares under the same terms.
• Shares sold in this concurrent placement subject to a four‑month + one day hold period from closing.
• Closing Timeline:
• Expected closing on or about Oct. 22, 2025, no later than 45 days after the news release, subject to TSX conditional approval and other customary conditions.
• Use of Proceeds:
• Early development expenditures for Diablillos project: on‑site infrastructure, critical long‑lead‑time items, advanced engineering, and exploration programs.
• General corporate purposes.
• Regulatory Framework:
• Offering made pursuant to the Listed Issuer Financing Exemption (NI 45‑106) across Canada (excluding Quebec).
• Shares may also be offered in the United States under applicable securities law exemptions.
• No statutory hold period for shares issued under the Canadian exemption.

Notable Quotes

• John Miniotis, President & CEO: “We are very pleased with the positive momentum Abrasilver continues to build and the support we have received from our investors. The funds raised will help accelerate the development of our high‑quality Diablillos silver‑gold project and further positions our company as one of the leading silver‑gold development companies in the Americas.”