BP Silver Announces C$8 Million Non-Brokered Private Placement

Executive Summary

• BP Silver Corp. announced a non‑brokered private placement for up to $8,000,000 consisting of 8,000,000 units at $1.00 per unit.
• Each unit includes one common share and half of a warrant allowing purchase of an additional share at $1.30 for two years.
• Net proceeds will fund exploration at the Cosuño Silver Project in Bolivia, including geophysical surveys and a Phase II drill program, plus general working capital.

Key Details

• Offering Size: Up to $8,000,000 (8,000,000 units).
• Unit Price: $1.00 per unit.
• Composition of Each Unit: 1 common share + 0.5 warrant (each whole warrant = right to buy 1 share at $1.30).
• Warrant Terms: Exercise price $1.30 per share; exercisable for two years from issuance.
• Use of Proceeds:
• Exploration activities at Cosuño Project – geophysical surveys, Phase II drilling.
• General working capital.
• Closing Conditions: Subject to regulatory approvals (TSX Venture Exchange and other authorities); may close in one or more tranches; statutory hold period of four months + one day on securities.
• Finder’s Fees: Company may pay cash and/or non‑transferable warrants as finder’s fees per exchange policies.

Notable Quotes

“We are pleased to advance exploration at our flagship Cosuño project through this financing,” said Tim Shearcroft, CEO of BP Silver. “The planned geophysical surveys and Phase II drill program will play a critical role in defining the extent of the mineralized system and unlocking the broader exploration potential of Cosuño.”