Silver47 arranges $14-million private placement

Executive Summary

• Silver47 Exploration Corp. announced a brokered private placement of up to 20 million units at C$0.70 per unit, targeting gross proceeds of up to C$14 million.
• Each unit consists of one common share and half of a common‑share purchase warrant; the warrants are exercisable at C$1.00 per share for 36 months.
• The net proceeds will be used for additional exploration work on Silver47’s projects and general working capital.

Key Details

• Offering Structure: Up to 20 million units (each = 1 common share + ½ warrant) at C$0.70/unit.
• Gross Proceeds Target: Up to C$14 million; agents have an option to increase size by up to C$2.1 million.
• Warrant Terms: Whole warrants (one per unit) exercisable at C$1.00/share, valid for 36 months from closing.
• Lead Agent & Bookrunner: Research Capital Corp.; syndicate includes Eventus Capital Corp. and Haywood Securities Inc.
• Commission to Agents: Cash commission of 6 % of gross proceeds (subject to reduction for “president’s list” orders).
• Broker Warrants to Agents: Additional warrants equal to 6 % of units sold, exercisable at C$0.70/share for 36 months (subject to same reduction).
• Use of Proceeds: Primarily for further exploration on Silver47’s projects and general working capital.
• Closing Date: Expected on or about September 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.

Notable Quotes

(No direct quotes were provided in the release.)