Northwire Canada EditionWednesday, July 29, 2026
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Financings

Zacatecas closes $2.3M first tranche of placement

By The Northwire Desk — AI Analysis Sep 24, 2025 · 04:01 ZAC · 0.125 Zacatecas Silver Corp.
ZAC · Price

Executive Summary

  • Zacatecas Silver Corp. closed the first tranche of its private placement, issuing 38,449,335 units at $0.06 per unit for gross proceeds of $2,306,960.
  • Proceeds are earmarked to fund a drilling campaign on the Zacatebas silver project, strategic initiatives and working capital.
  • The transaction includes finders’ fees of $113,297.19, issuance of 1,888,286 non‑transferable finder warrants, and a related‑party subscription of 500,000 units by a holding company of CEO Eric Vanderleeuw.

Key Details

  • Units Issued: 38,449,335 units (each unit = 1 common share + 1 warrant).
  • Price per Unit: $0.06 → Gross proceeds: $2,306,960.
  • Warrant Terms: Each warrant exercisable at $0.10 per share for two years from issue; acceleration clause if VWAP ≥ $0.20 for 20 consecutive trading days (expiry then 30 days after notice).
  • Finders’ Fees Paid: $113,297.19.
  • Finder Warrants Issued: 1,888,286 non‑transferable warrants, exercisable for two years.
  • Resale Restrictions: Securities subject to a four‑month lock‑up from issuance.
  • Use of Proceeds: Finance drilling campaign on Zacatecas silver project, strategic initiatives, and working capital.
  • Related‑Party Transaction: CEO Eric Vanderleeuw’s holding company subscribed for 500,000 units ($30,000); deemed exempt from formal valuation/minority approval under MI 61‑101 (participation < 25% of market cap).
  • Future Tranche: Company expects to complete the final tranche by Sept. 29, 2025.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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M&A / Property