Prince Silver Announces Non-brokered Private Placement

Rhea-AI Summary

Prince Silver Corp. (OTC:HWTNF) has announced a non-brokered private placement to raise up to $1.25 million through the issuance of up to 3,125,000 units at $0.40 per unit.

Each unit consists of one common share and a half warrant, with each full warrant exercisable at $0.60 per share for 12 months. The company will pay 7% finder's fees to eligible finders. Proceeds will fund exploration of the Prince Silver Project and working capital needs.

Positive

• Raising up to $1.25 million to fund exploration and development
• 12-month warrants provide potential additional funding at $0.60 per share
• 100% ownership of Prince Silver Project indicates full control over assets

Negative

• 7% finder's fees will reduce net proceeds from the offering
• Potential dilution for existing shareholders
• 4-month hold period may limit short-term trading liquidity

VANCOUVER, BC / ACCESS Newswire / September 3, 2025 / Prince Silver Corp. ("Prince" or the "Company") (CSE:PRNC)(OTC PINK:HWTNF) is pleased to announce a non-brokered private placement of up to 3,125,000 units of the Company ("Units") at a price of $0.40 per Unit for aggregate gross proceeds of up to $1,250,000 (the "Private Placement'). Each Unit will consist of one common share (a "Common Share") and one-half common share purchase warrant, with each full warrant (a "Warrant") being exercisable to purchase one Common Share at a price of $0.60 for 12 (twelve) months from the date of issuance.

The Company intends to pay finders' fees in an amount equal to 7% to eligible finders, in accordance with applicable securities laws and the policies of the Canadian Stock Exchange ("CSE"). The Private Placement is subject to approval of the CSE, and all securities issued under the Private Placement will be subject to statutory hold periods expiring four months and one day from the date of closing of the Private Placement pursuant to applicable securities laws and CSE policy.

The Company intends to use the net proceeds raised from the Private Placement for exploration and development on it's 100% owned Prince Silver Project as well as for general corporate working capital.

About Prince Silver Corp.
Prince Silver Corp is a silver exploration company focused on advancing the Prince Silver Project in Nevada, USA. The known deposit identified with historic drilling is open in all directions and is near surface. Prince Silver Corp also holds interest in the Stampede Gap Project a district scale copper-gold-moly porphyry system located ~15km NNM of the Prince Silver Project and, holds option interest in the Broken Handle Project, an early-stage mineral exploration project located southern British Columbia, Canada.

For further information on Prince Silver, please visit www.princesilvercorp.com

On behalf of the Board of Directors
Ralph Shearing
Director, President
+1 (604) 764-0965
rshearing@princesilvercorp.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Forward-Looking Information Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: completion of the Acquisition and related transactions, proposed drill programs, amendments to the Company's website, property option payments and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, completion of satisfactory due diligence in respect of the Acquisition and related transactions, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. The CSE has neither approved nor disapproved the contents of this press release and the CSE does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Prince Silver Corp.

View the original press release on ACCESS Newswire

FAQ

What is the size and price of Prince Silver's (HWTNF) private placement?

Prince Silver is offering up to 3,125,000 units at $0.40 per unit to raise up to $1.25 million.

What are the terms of HWTNF's warrant offering in the private placement?

Each unit includes a half warrant, with each full warrant exercisable at $0.60 per share for 12 months from issuance.

How will Prince Silver (HWTNF) use the private placement proceeds?

The proceeds will be used for exploration and development of the Prince Silver Project and general corporate working capital.

What are the restrictions on Prince Silver's (HWTNF) private placement securities?

The securities will have a statutory hold period of 4 months and one day from closing, subject to CSE approval.

What finder's fees is Prince Silver (HWTNF) paying for the private placement?

Prince Silver will pay 7% finder's fees to eligible finders, subject to securities laws and CSE policies.