Pacifica Silver Announces Closing of Upsized Brokered Offering

Executive Summary

• Pacifica Silver Corp. closed an upsized private placement of 15,870,000 common shares at $1.45 per share, raising $23.0 M in gross proceeds.
• Net proceeds will be used to fund accelerated exploration and drilling at the Claudia Silver‑Gold Project in Durango, Mexico, plus working capital and general corporate purposes.
• The transaction included a cash underwriting fee of $1.26 M and issuance of 414,031 compensation warrants to the agents, exercisable at the offering price for two years.

Key Details

• Offering size: 15,870,000 common shares @ $1.45 per share → gross proceeds $23,011,500.
• Lead agent/bookrunner: Raymond James Ltd.; syndicate included Research Capital Corporation.
• Four insiders subscribed for 180,000 units → gross proceeds $261,000 (treated as a related‑party transaction under MI 61‑101).
• Cash underwriting fee paid to agents: $1,260,690.
• Compensation warrants issued to agents: 414,031 warrants, each convertible into one common share at $1.45, expiring 23 Jan 2028.
• Use of proceeds: advance exploration and drilling at the Claudia Project, plus working capital and general corporate purposes.
• Offering made under NI 45‑106 listed issuer financing exemption (Canada) and U.S. securities law exemptions; no statutory hold period applicable.

Notable Quotes

“We are grateful to close our upsized brokered offering with robust participation from sophisticated new institutional investors… the proceeds from this financing will enable us to accelerate exploration efforts, systematically test high‑priority targets, and unlock the project’s high‑grade potential through year‑round, multi‑rig drilling operations.” – Todd Anthony, CEO

All boilerplate, forward‑looking statements, and disclaimer sections have been omitted for brevity.