Pinnacle Closes First Tranche of Private Placement

Executive Summary

• Pinnacle Silver and Gold Corp. closed the first tranche of its non‑brokered private placement, raising $1,067,532.94 in gross proceeds.
• The tranche consisted of 7,268,171 units at $0.14 per unit, each unit containing one common share and half a warrant (full warrant exercisable at $0.20).
• Net proceeds will be used to advance the high‑grade El Potrero gold‑silver project in Durango, Mexico, and for general working capital; a second and final tranche is expected by January 30 2026.

Key Details

• Units Issued: 7,268,171
• Unit Price: $0.14 (gross)
• Composition per Unit: 1 common share + ½ share purchase warrant (full warrant exercisable at $0.20 for 24 months).
• Gross Proceeds – First Tranche: $1,067,532.94
• Net Proceeds Use: Project evaluation and advancement of the El Potrero gold‑silver project; general working capital.
• Finders’ Fees Paid: $2,940 cash commission + 21,000 non‑transferable finders’ warrants (each warrant exercisable at $0.20 for 24 months).
• Insider Participation: Insiders subscribed for 600,000 units ($84,000 gross); treated as a related‑party transaction under MI 61‑101 but exempt from formal evaluation/minority approval.
• Holding Period: All securities subject to a four‑month hold period and TSX Venture Exchange approval; not registered in the U.S. (U.S. resale requires registration or exemption).
• Second Tranche Deadline: Expected completion by 30 January 2026.

Notable Quotes

“The net proceeds raised from the Offering will be used to advance the high‑grade El Potrero gold‑silver project in Durango, Mexico, for project evaluations, and for general working capital.” – Robert A. Archer, President & CEO

All boilerplate, forward‑looking statements, and disclaimer text have been omitted.