Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Financings

Highlander Silver closes $86.25-million bought deal

By The Northwire Desk — AI Analysis Sep 29, 2025 · 18:36 HSLV · 4.25 Highlander Silver Corp.
HSLV · Price

Executive Summary

  • Highlander Silver Corp. closed a bought‑deal public offering of 23 million common shares at $3.75 per share, raising $86.25 million in gross proceeds.
  • The underwriters received an option to purchase up to an additional 2.33 million shares on the same terms, exercisable until 30 days after closing.
  • Net proceeds will fund exploration, development, permitting, property acquisition, and working‑capital needs for the San Luis gold‑silver project in Peru, accelerating growth plans.

Key Details

  • Offering size & price: 23 million common shares sold at $3.75 per share.
  • Gross proceeds: $86.25 million.
  • Underwriter option: Up to 2.33 million additional shares, same price/terms, exercisable any time prior to the 30th day after closing.
  • Lead underwriter & bookrunner: National Bank Financial Inc.; syndicate also includes Canaccord Genuity Corp., Velocity Trade Capital Ltd., CIBC World Markets Inc., Ventum Financial Corp., BMO Nesbitt Burns Inc., and Cormark Securities Inc.
  • Use of proceeds:
  • Advancement of exploration and development activities at the San Luis project (Peru).
  • Project studies and permitting.
  • Property investigation and acquisition.
  • Working capital and general corporate purposes.
  • Related‑party participation: Certain insiders subscribed for shares; transactions qualify for MI 61‑101 exemptions because fair market value ≤ 25 % of market cap. No material change report filed prior to closing due to late finalization of insider participation details.
  • CEO comment: Daniel Earle highlighted strong support from major shareholders (Augusta Capital, Lundin family, Eric Sprott) and the oversubscribed nature of the offering, positioning the company to substantially fund San Luis plans and accelerate growth.

Notable Quotes

“We greatly appreciate the steadfast support of our largest shareholders… The oversubscribed offering puts us in the enviable position of substantially funding our San Luis plans, with major investments in community development and infrastructure, while accelerating our capacity for growth.” – Daniel Earle, President & CEO.

Read the original news release →

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