Guanajuato Silver Announces $30 Million Bought Deal Public Offering

Executive Summary

• Guanajuato Silver Company Ltd. announced an underwritten “bought‑deal” financing of 60 million units at $0.50 per unit, targeting gross proceeds of $30 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant exercisable at $0.65 for 36 months).
• The net proceeds are earmarked for sustaining and development capital across the Company’s four operating Mexican mines, as well as working capital and general corporate purposes.

Key Details

• Units Offered: 60,000,000 units @ $0.50 per unit → Gross proceeds: $30,000,000.
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant (full warrant allows purchase of one common share at $0.65).
• Warrant Terms: Exercise price $0.65; exercisable for 36 months after the Closing Date.
• Underwriter Option: Up to 9,000,000 additional units at $0.50 per unit → potential extra gross proceeds of $4,500,000; option exercisable up to 30 days post‑closing.
• Use of Proceeds: Funding sustaining and development capital for four operating mines (El Cubo, Valenciana Complex, San Ignacio, Topia), working capital, and general corporate purposes.
• Offering Structure: Bought‑deal basis with Canaccord Genuity Corp. and Red Cloud Securities Inc. as co‑lead underwriters and joint bookrunners.
• Regulatory Framework: Offered via prospectus supplement to the Company’s short‑form base shelf prospectus dated 2024‑08‑21; subject to TSX Venture Exchange approval and other regulatory clearances.
• Closing Date: Expected on or about 2025‑10‑09, contingent upon receipt of all required approvals.
• Geographic Availability: Offered to investors in Canadian provinces/territories (excluding Québec); may be offered by private placement in the United States and other jurisdictions as agreed.

Notable Quotes

• “This financing provides us with the capital needed to continue advancing our growth strategy across our core Mexican assets,” – James Anderson, Chairman and CEO.