Guanajuato Silver increases bought deal to $43.5M

Executive Summary

• Guanajuato Silver Company Ltd. announced an upsized bought‑deal public offering of 60 million units at C$0.50 per unit, targeting gross proceeds of C$30 million.
• The underwriters have a 9 million‑unit overallotment option that could raise an additional up to C$4.5 million.
• Net proceeds will be allocated to sustaining and development capital for the company’s four operating Mexican mines, working capital and general corporate purposes.

Key Details

• Units offered: 60 million units (each unit = 1 common share + ½ warrant).
• Price per unit: C$0.50, yielding gross proceeds of C$30 million.
• Warrant terms: Each warrant allows purchase of one common share at C$0.65 for 36 months post‑closing.
• Overallotment option: Up to 9 million additional units at C$0.50 per unit; potential extra gross proceeds up to C$4.5 million, exercisable until 30 days after closing.
• Underwriters / Bookrunners: Canaccord Genuity Corp. and Red Cloud Securities Inc. (co‑lead underwriters and joint bookrunners).
• Use of proceeds: Funding sustaining & development capital for four operating mines in Mexico, working capital, and general corporate purposes.
• Offering documents: Prospectus supplement to the short‑form base shelf prospectus dated Aug. 21 2024; available on SEDAR+.
• Geographic scope: Offered to purchasers in all Canadian provinces/territories except Quebec; may also be offered via private placement in the U.S. and other jurisdictions as agreed.
• Expected closing date: On or about Oct. 9 2025, subject to regulatory approvals (including TSX Venture Exchange).

Notable Quotes

(No direct quotes were provided in the release.)