Prince Silver Announces Non-Brokered Private Placement and Strategic Marketing Partnership with Machai Capital

Rhea-AI Summary

Prince Silver (OTCQB:PRNCF) has announced a non-brokered private placement offering up to 4,687,500 units at $0.64 per unit, aiming to raise gross proceeds of up to $3 million. Each unit includes one common share and a half-warrant, with full warrants exercisable at $0.95 for 18 months.

The company will pay 7% finder's fees to eligible finders. The proceeds will fund the expansion of drilling exploration at the Prince Silver Project in Nevada and provide working capital. Additionally, Prince Silver has engaged Machai Capital for a C$200,000 digital marketing campaign running from October through December 2025.

Positive

• None.

Negative

• 7% finder's fees will reduce net proceeds from the offering
• Significant dilution for existing shareholders
• Four-month hold period restricts immediate trading of new shares
• Substantial marketing expense of C$200,000 for a three-month campaign

Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

VANCOUVER, BC / ACCESS Newswire / September 24, 2025 / Prince Silver Corp. ("Prince" or the "Company") (CSE:PRNC)(OTCQB:PRNCF) is pleased to announce a non-brokered private placement of up to 4,687,500 units of the Company ("Units") at a price of $0.64 per Unit for aggregate gross proceeds of up to $3,000,000 (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 $0.95 for 18 months from the date of issuance ; provided that if the closing price of the Company's Common Shares for a period of 10 consecutive trading days is $1.35 or higher, the Company will have the right to accelerate the expiry date of the Warrants upon notice given by press release and the Warrants will thereafter expire on the 30th calendar day after the date of such press release.

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 to expand the current drill exploration program on it's 100% owned Prince Silver Project, located in Nevada, USA as well as for general corporate working capital.

Marketing Agreement
The Company has retained Machai Capital Inc. ("Machai") a marketing, advertising and public awareness firm having an office at 101-17565 58^th Avenue, Surrey, BC, specializing in the metals & mining, technology, and special situations sectors. Suneal Sandhu is the President and sole owner of Machai and can be reached at (604) 375-0084. Machai will provide digital marketing services with branding, content and data optimization to assist the Company to create in-depth marketing campaigns, tracking, organizing and executing the Services through Search Engine Optimization (SEO), Search Engine Marketing (SEM), Lead Generation, Digital Marketing, Social Media Marketing, Email Marketing, and Brand Marketing. The services will be conducted in accordance with the applicable CSE policies. The marketing campaign will be launched in October 2025 and continue through December 2025, pursuant to which Machai will receive C$200,000 plus GST. Machai is arm's length to Prince and has no other relationship with the Company other than under the marketing agreement. The marketing agreement is subject to CSE approval.

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
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 are the terms of Prince Silver's (PRNCF) private placement announced in September 2025?

Prince Silver is offering up to 4,687,500 units at $0.64 per unit, with each unit containing one common share and a half-warrant. Full warrants are exercisable at $0.95 for 18 months.

How much money is Prince Silver (PRNCF) raising and what will it be used for?

Prince Silver aims to raise up to $3 million to expand their drill exploration program at the Prince Silver Project in Nevada and for general corporate working capital.

What is the warrant acceleration clause in Prince Silver's private placement?

If Prince Silver's shares trade at $1.35 or higher for 10 consecutive trading days, the company can accelerate the warrant expiry to 30 days after providing notice.

What marketing agreement did Prince Silver (PRNCF) announce with Machai Capital?

Prince Silver engaged Machai Capital for a C$200,000 digital marketing campaign running from October through December 2025, focusing on SEO, digital marketing, and brand awareness.

When will the new shares from Prince Silver's private placement be freely tradable?

The securities will have a statutory hold period of four months and one day from the closing date of the private placement.