Silver X Mining Announces Closing Of Private Placements For Aggregate Gross Proceeds Of C$21.5 Million
Silver X Mining (OTCQB:AGXPF) has successfully completed two private placements for total gross proceeds of C$21.5 million. The financing consists of a C$16 million brokered offering and a C$5.5 million non-brokered offering, with units priced at C$0.50 each.
Each unit includes one common share and a half warrant, with whole warrants exercisable at C$0.70 until September 29, 2028. The company issued a total of 43 million units, with underwriters receiving C$1.26 million in fees and 2.52 million broker warrants.
The proceeds will fund capital and exploration expenditures at the company's Nueva Recuperada Silver District in Peru, along with working capital and corporate purposes. CEO José García highlighted this as a transformative milestone enabling significant advancement in exploration, resource conversion, and production scale.
Silver X Mining (OTCQB:AGXPF) ha completato con successo due collocamenti privati per un ammontare lordo totale di C$21,5 milioni. Il finanziamento è costituito da una offerta brokerata di C$16 milioni e una offerta non brokerata di C$5,5 milioni, con unità proposte a C$0,50 ciascuna.
Ogni unità comprende una azione comune e una metà di warrant, con warrant completi exercitabili a C$0,70 entro il 29 settembre 2028. La società ha emesso un totale di 43 milioni di unità, con gli irvighe che hanno ricevuto commissioni di C$1,26 milioni e 2,52 milioni di warrant broker.
I proventi finanzieranno spese di capitale e di esplorazione nel distsrto Nueva Recuperada di argento in Perù, insieme a capitale circolante e scopi aziendali. Il CEO José García ha sottolineato che questo rappresenta una tappa trasformativa che consente progressi significativi nell’esplorazione, nella conversione delle riserve e nella scala di produzione.
Silver X Mining (OTCQB:AGXPF) ha completado con éxito dos colocaciones privadas por un total de ingresos brutos de C$21,5 millones. El financiamiento consiste en una oferta comisionada de C$16 millones y una oferta no comisionada de C$5,5 millones, con unidades valoradas en C$0,50 cada una.
Cada unidad incluye una acción común y una mitad de warrant, con warrants completos exercitables a C$0,70 hasta el 29 de septiembre de 2028. La empresa emitió un total de 43 millones de unidades, con los suscriptores recibiendo comisiones de C$1,26 millones y 2,52 millones de warrants broker.
Los ingresos financiarán gastos de capital y exploración en el Distrito de Plata Nueva Recuperada en Perú, junto con capital de trabajo y fines corporativos. El CEO José García destacó esto como un hito transformador que permitirá un avance significativo en exploración, conversión de recursos y escala de producción.
Silver X Mining (OTCQB:AGXPF)가 총 2건의 비공개 배정을 성공적으로 마무리하여 총 매출액 C$21.5백만의 조달을 달성했습니다. 자금 조달은 C$16백만의 브로커링 오퍼링과 C$5.5백만의 비브로커링 오퍼링으로 구성되며, 단위는 C$0.50에 책정되었습니다.
각 유닛은 보통주 1주와 반 개의 워런트를 포함하며, 전체 워런트는 C$0.70에 2028년 9월 29일까지 행사 가능합니다. 회사는 총 4300만 유닛을 발행했고, 인수기관은 수수료로 C$1.26백만과 2.52백만의 브로커 워런트를 받았습니다.
수익은 페루의 Nuevo Recuperada 은 지역의 자본 및 탐사비와 운전자본 및 기업 목적에 사용될 예정입니다. CEO 호세 가르시아는 이것을 탐사, 자원 전환 및 생산 규모의 상당한 발전을 가능하게 하는 변혁의 이정표로 강조했습니다.
Silver X Mining (OTCQB:AGXPF) a mené à bien deux placements privés pour un produit brut total de C$21,5 millions. Le financement se compose d'une offre brokerée de C$16 millions et d'une offre non brokerée de C$5,5 millions, les unités étant évaluées à C$0,50 chacune.
Chaque unité comprend une action ordinaire et une demi-option sur actions (warrant), les warrants entiers étant exerçables à C$0,70 jusqu'au 29 septembre 2028. La société a émis au total 43 millions d'unités, les souscripteurs recevant des commissions de C$1,26 million et 2,52 millions de warrants broker.
Les produits serviront à financer les dépenses d'investissement et d'exploration dans le district argentifère Nueva Recuperada au Pérou, ainsi que le fonds de roulement et les objectifs corporatifs. Le PDG José García a qualifié cela de jalon transformateur permettant des avancées significatives dans l'exploration, la conversion des ressources et l'échelle de production.
Silver X Mining (OTCQB:AGXPF) hat zwei Privatplatzierungen erfolgreich abgeschlossen und Bruttoerlöse von insgesamt C$21,5 Millionen erzielt. Die Finanzierung besteht aus einem brokered Offering über C$16 Millionen und einem non-brokered Offering über C$5,5 Millionen, wobei die Einheiten zu C$0,50 pro Stück angeboten werden.
Jede Einheit enthält eine Stammaktie und eine halbe Warrant, volle Warrants sind bis zum 29. September 2028 exercisierbar. Das Unternehmen hat insgesamt 43 Millionen Einheiten ausgegeben, wobei die Underwriter C$1,26 Millionen Gebühren und 2,52 Millionen Broker-Warrants erhalten.
Die Erlöse sollen Kapital- und Explorationsausgaben im Nueva Recuperada Silver District in Peru sowie Working Capital und Unternehmenszwecke finanzieren. CEO José García hob dies als transformativen Meilenstein hervor, der signifikante Fortschritte bei Exploration, Ressourcen-Umwandlung und Produktionsmaßstab ermöglicht.
أكملت شركة Silver X Mining (OTCQB:AGXPF) بنجاح جولتين خاصتين لإصدار أسهم بقيمة إجمالية قدرها C$21.5 مليون. التمويل يتكون من عرض وسيط بقيمة C$16 مليون وعرض غير وسيط بقيمة C$5.5 مليون، مع وحدات بسعر C$0.50 لكل وحدة.
كل وحدة تتضمن سهماً عادياً واحداً ونصف سند خيار (وت) واحد، وتُمارَس جميعها عند C$0.70 حتى 29 سبتمبر 2028. أصدرت الشركة ما مجموعه 43 مليون وحدة، وتلقى المستوردون عمولات قدرها C$1.26 مليون و2.52 مليون سند خيار وسيط.
سيتم استخدام العائدات لتمويل النفقات الرأسمالية والاستكشافية في إقليم Nueva Recuperada للفضة في بيرو، إلى جانب رأس المال العامل والأغراض المؤسسية. وأشار الرئيس التنفيذي خوسيه غارسيا إلى أن هذا يمثل محطة تحويلية ستتيح تقدماً ملحوظاً في الاستكشاف وتحويل الموارد وتوسيع نطاق الإنتاج.
Silver X Mining (OTCQB:AGXPF) 已成功完成两轮私募，总毛筹资额为 C$21.5 百万美元。融资包括一项 C$16 百万美元的经纪发行和一项 C$5.5 百万美元的非经纪发行，单位定价为 C$0.50。
每单位包含一股普通股和半份认股权证，整份认股权证可在 2028年9月29日前以 C$0.70 行使。公司共发行 4300万份单位，承销商获得 C$1.26 百万 的佣金和 252 万份经纪人认股权证。
募集资金将用于公司的 秘鲁 Nueva Recuperada 银区 的资本支出和勘探，以及运营资金和公司用途。首席执行官何塞·加西亚将此视为一个转折性里程碑，使探索、资源转换和生产规模得到显著推进。
- Substantial capital raise of C$21.5 million strengthens financial position
- Strong investor demand led to two upsizings of the offering
- Long-term warrant exercise period until 2028 provides additional funding potential
- Immediate free trading status for Canadian purchasers under Listed Issuer Financing Exemption
- Significant dilution with 43 million new units issued
- Additional potential dilution from 2.52 million broker warrants
- Substantial underwriting fees of C$1.26 million reduce net proceeds
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / September 29, 2025 / Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) ("Silver X" or the "Company") is pleased to announce the closing of its previously announced "bought deal" private placement (the "Brokered Offering") for gross proceeds of C
Further to the Company's press release dated September 15, 2025, the Company has also completed its non-brokered private placement (the "Non-Brokered Offering", and collectively with the Brokered Offering, the "Offerings") for gross proceeds of C
José García, President and CEO of Silver X, stated:
"This is an extremely important milestone for Silver X. We are thrilled with the strength of investor demand that led to not one, but two upsizing's of this C
"This financing represents more than just capital - it is the catalyst for transformative growth. For the first time in the Company's history, we have the financial strength required to execute our vision properly and decisively. The injection of capital will allow us to significantly advance our growth plans across exploration, resource conversion, and production scale. Silver X now has the potential to become one of the fastest-growing silver producers in South America, with the foundations in place to deliver sustainable value and operational excellence."
Each Unit consists of one (1) common share of the Company (each, a "Common Share") and one-half (1/2) Common Share purchase warrant (each, a "Warrant"). Each whole Warrant entitles the holder to purchase one Common Share (each, a "Warrant Share") at a price of C
The Company intends to use the net proceeds from the Offering for capital and exploration expenditures related to the Company's operations in the Nueva Recuperada Silver District in Peru as well as for working capital and general corporate purposes.
In accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Unit Shares and the Warrant Shares underlying the Units sold to purchasers resident in Canada are immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units were also offered to purchasers in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). All securities not issued pursuant to the Listed Issuer Financing Exemption are subject to a statutory hold period in accordance with applicable Canadian securities law and may not be traded until January 30, 2026, except as permitted by applicable securities legislation and the policies of the TSX Venture Exchange (the "TSXV")
There is an amended and restated offering document (the "Amended Offering Document") related to the Offerings that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.silverxmining.com.
As consideration for their services for the Offerings, the Underwriters received aggregate cash fees of C
Completion of the Offerings remains subject to the final approval of the TSXV.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Silver X
Silver X Mining Corp. is a rapidly expanding silver producer and developer advancing the Nueva Recuperada Project in Peru, a 20,795-hectare, district-scale land package with two mining units and over 200 targets. Current production at the Tangana Mining Unit is scaling alongside the planned restart of the Plata Mine, supporting a path to ~6 million AgEq ounces annually by 2029. With immediate revenue, scalable growth, and long-term discovery upside - all within one integrated project - Silver X is building the next-generation silver company defined by growth, resilience, and responsible mining. For more information visit our website at www.silverxmining.com.
ON BEHALF OF THE BOARD
José M. García
CEO and Director
For further information, please contact:
Kaitlin Taylor
Investor Relations
ir@silverxmining.com
+1 778 887 6861
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding "Forward-Looking" Information
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation ("forward-looking information"). Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All information contained in this press release, other than statements of current and historical fact, is forward looking information. Forward- looking information contained in this press release may include, without limitation, expectations regarding the expected use of proceeds from the Offering, the receipt of final approval of the Offerings from the TSXV, other sources of funds, exploration plans, results of operations, expected performance at the Project, the Company's belief that the Tangana system will provide considerable resource expansion potential, that the Company will be able to mine the Tangana Mining Unit in an economic manner, and the expected financial performance of the Company.
The following are some of the assumptions upon which forward-looking information is based: that general business and economic conditions will not change in a material adverse manner; demand for, and stable or improving price for the commodities we produce; receipt of regulatory and governmental approvals, permits and renewals in a timely manner; that the Company will not experience any material accident, labour dispute or failure of plant or equipment or other material disruption in the Company's operations at the Project and Nueva Recuperada Plant; the availability of financing for operations and development; the Company's ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; that the estimates of the resources at the Project and the geological, operational and price assumptions on which these and the Company's operations are based are within reasonable bounds of accuracy (including with respect to size, grade and recovery); the Company's ability to attract and retain skilled personnel and directors; and the ability of management to execute strategic goals.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the Company's annual and interim MD&As and in its public documents filed on www.sedarplus.ca from time to time. Forward- looking statements are based on the opinions and estimates of management as of the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE: Silver X Mining Corp.
View the original press release on ACCESS Newswire
FAQ
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