Prince Silver Increases Private Placement to up to $4.75 Million

Executive Summary

• Prince Silver Corp. increased its previously announced non‑brokered private placement from $3 M to up to $4.75 M due to strong investor demand.
• The offering consists of units at $0.70 each, each unit containing one common share and half a warrant (full warrant exercisable at $1.00 per share for two years).
• Proceeds will fund the next phase of drilling, a maiden mineral resource estimate, metallurgical work, and general working capital.

Key Details

• Upsized Offering Size: Up to $4,750,000 (previously $3,000,000).
• Units Available: Up to 6,785,714 units at $0.70 per unit.
• Unit Composition: 1 common share + ½ warrant; each full warrant allows purchase of one additional share at $1.00.
• Warrant Terms: Two‑year term; company may accelerate expiry if the closing price stays ≥ $1.40 for ten consecutive trading days, with notice via press release and expiration 30 calendar days after such notice (or later as stated).
• Statutory Hold Period: All securities subject to a four‑month‑plus‑one‑day hold period under applicable securities laws.
• Use of Proceeds:
• Advance next phase of drilling at the Prince Silver Project (Pioche Mining District, NV)
• Complete maiden 43‑101 compliant mineral resource estimate
• Conduct ongoing metallurgical work
• General working capital purposes
• Regulatory Conditions: Offering subject to regulatory approval and customary closing conditions.
• Finders’ Fees: May be paid in accordance with applicable securities laws and exchange policies.

Notable Quotes

(No direct quotes provided in the release.)