Silver47 Exploration increases financing to $20-million

Executive Summary

• Silver47 Exploration Corp. amended its brokered private placement to increase the offering size to up to 28,572,000 units at C$0.70 per unit, targeting gross proceeds of up to C$20,000,400 (with a possible additional agent‑option uplift to C$23,000,460).
• Each unit consists of one common share and half of a common‑share purchase warrant; warrants are exercisable at C$1.00 per share for 36 months.
• Net proceeds will be used for further exploration on Silver47’s projects and general working capital.

Key Details

• Amendment Agreement: Executed with Research Capital Corp. (lead agent/sole bookrunner) and syndicate agents Eventus Capital Corp. and Haywood Securities Inc.
• Offering Size & Price: Up to 28,572,000 units at C$0.70 per unit → C$20,000,400 gross proceeds.
• Unit Composition: 1 common share + ½ warrant (full warrant = right to purchase 1 share at C$1.00). Warrants exercisable for 36 months post‑closing.
• Agent Option: Agents may increase size by up to an additional C$3,000,060 (≈4,285,800 units) if notice given ≥48 h before closing; total possible gross proceeds C$23,000,460.
• Use of Proceeds: Primarily for exploration activities on existing projects and general working capital.
• Closing Timeline: Expected on or about Sept. 16, 2025, subject to regulatory approvals and TSX‑V exchange consent.
• Regulatory Basis: Offered under NI 45‑106 listed issuer financing exemption; no hold period required. Available to investors in all Canadian provinces except Quebec.
• Commission & Broker Warrants: Agents receive cash commission of 6 % of gross proceeds (adjusted for president’s list orders) plus broker warrants equal to 6 % of units sold, exercisable at C$0.70 per share for 36 months.

Notable Quotes

• “We are pleased to increase the size of our financing in response to strong investor demand, providing us with the capital needed to advance our high‑grade silver projects.” – Mr. Galen McNamara, President & CEO, Silver47 Exploration Corp.