Northwire Canada EditionWednesday, July 29, 2026
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Financings

Silver X Mining arranges $5.5-million private placement

By The Northwire Desk — AI Analysis Sep 15, 2025 · 23:16 AGX · 0.5 Silver X Mining Corp.
AGX · Price

Executive Summary

  • Silver X Mining Corp. is conducting a non‑brokered private placement of 6 – 11 million units at C$0.50 per unit, targeting minimum gross proceeds of $3 M and up to $5.5 M.
  • The company’s previously announced bought‑deal private placement will sell 26 million units for $13 M, with an underwriter overallotment option for up to an additional 6 million units (≈$3 M).
  • If all caps are reached and the overallotment is exercised in full, aggregate gross proceeds could total C$21.5 million.

Key Details

  • Units offered: Minimum 6 million, maximum 11 million (non‑brokered) plus up to 6 million additional units under overallotment option.
  • Pricing: C$0.50 per unit for both offerings.
  • Structure of each unit: 1 common share + ½ common share purchase warrant.
  • Warrant terms: Each whole warrant allows purchase of one common share at C$0.70, exercisable any time up to 36 months after the closing date.
  • Gross proceeds:
  • Non‑brokered placement: $3 M (minimum) – $5.5 M (maximum).
  • Bought‑deal placement: $13 M (fixed).
  • Overallotment option: up to $3 M additional.
  • Total potential proceeds: C$21.5 million.
  • Underwriters / Finders: Red Cloud Securities Inc. and Laurentian Bank Securities Inc. act as finders for the non‑brokered offering; Red Cloud (lead) and Laurentian Bank serve as underwriters for the brokered bought‑deal.
  • Use of proceeds: Capital and exploration expenditures in the Nueva Recuperada silver district (Peru), plus working capital and general corporate purposes.
  • Regulatory framework: Units offered to Canadian residents (except Quebec) under NI 45‑106 listed issuer financing exemption; possible offshore/U.S. private placement under applicable exemptions.
  • Lock‑up/hold period: Securities not issued under the listed issuer financing exemption subject to a hold period expiring four months and one day after closing of the non‑brokered offering.
  • Closing date: Expected on or before September 29, 2025, subject to customary conditions (TSX Venture Exchange approval, etc.).

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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