Guanajuato Silver Announces Upsize of Bought Deal Public Offering to $43.5 Million

Executive Summary

• Guanajuato Silver Company Ltd. announced an upsized bought‑deal offering, increasing gross proceeds from C$30 M to up to C$50.025 M.
• The underwriters will purchase 87 million units at C$0.50 per unit, each unit consisting of one common share and half a warrant (full warrant exercisable at $0.65 for 36 months).
• Net proceeds are earmarked for sustaining/development capital at the company’s four Mexican mines, working‑capital needs and general corporate purposes.

Key Details

• Offering Size: Increased to C$43.5 M (gross) with an underwriter option for up to an additional 13.05 M units, potentially raising total gross proceeds to $50.025 M.
• Units Purchased: 87,000,000 units at C$0.50 per unit on a bought‑deal basis.
• Unit Composition: 1 common share + ½ of one common share purchase warrant; each full warrant allows purchase of one common share at $0.65 for 36 months post‑closing.
• Underwriter Option: Up to 13,050,000 additional units on the same terms, exercisable until 30 days after the closing date.
• Closing Date: Expected on or about October 9, 2025, subject to regulatory approvals (including TSXV).
• Use of Proceeds: Funding sustaining and development capital for four operating mines in Mexico, working‑capital requirements, and general corporate purposes.
• Prospectus Documents: Offering made via a prospectus supplement to the short‑form base shelf prospectus dated August 21, 2024; documents available on SEDAR+ within two business days.
• Underwriters/Joint Bookrunners: Canaccord Genuity Corp. and Red Cloud Securities Inc.

Notable Quotes

“James Anderson – Chairman and CEO” (no direct quote provided in the release).