Prince Silver Corp. Announces Closing of $1.25 Million Non-Brokered Private Placement

Rhea-AI Summary

Prince Silver Corp. (OTC:PRNCF) has successfully closed its non-brokered private placement, raising gross proceeds of $1.25 million. The company issued 3,125,000 units at $0.40 per unit, with each unit comprising one common share and a half warrant exercisable at $0.60 for 12 months.

The company paid $16,695 in finder's fees, representing 7% of proceeds from arm's length subscribers. The funds will primarily be used to expand their planned reverse circulation drill program at the Prince Silver Project in Nevada from 6,500m to 8,200m, along with general corporate working capital purposes.

Positive

• None.

Negative

• Dilution of existing shareholders through issuance of 3,125,000 new units
• Additional potential dilution from 1,562,500 warrants if exercised
• Four-month hold period restricts immediate trading of new shares

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 12, 2025 / Prince Silver Corp. ("Prince" or the "Company") (CSE:PRNC)(OTC PINK:PRNCF) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") for total gross proceeds of $1,250,000.

The Company issued 3,125,000 units ("Units") at a price of $0.40 per Unit. Each Unit consists of one common share (a "Common Share") and one-half common share purchase warrant, with each whole warrant exercisable to acquire one Common Share at a price of $0.60 for a period of 12 months from the date of issuance.

In connection with the Private Placement, the Company paid aggregate cash finders fees of $16,695, representing 7% of the proceeds raised from certain arm's length subscribers. All securities issued under the Private Placement are subject to a hold period of four months and one day from the date of issuance pursuant to applicable securities laws and the policies of the Canadian Securities Exchange.

The net proceeds from the Private Placement will be used to increase the planned reverse circulation drill program from 6,500 m (20,000 ft) to approximately 8,200 M (27,000 ft) at the Company's 100% owned Prince Silver Project in Nevada, USA, and for general corporate working capital purposes.

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 princesilvercorp.com

On Behalf of the Board of Directors
Ralph Shearing, Director, President
Tel: 604-764-0965
Email: rshearing@princesilvercorp.com
Website: 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: 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

How much did Prince Silver Corp (PRNCF) raise in its private placement?

Prince Silver Corp raised $1.25 million through a non-brokered private placement, issuing units at $0.40 each.

What are the terms of PRNCF's September 2025 private placement?

The placement consisted of 3,125,000 units at $0.40 each, with each unit including one common share and a half-warrant exercisable at $0.60 for 12 months.

How will Prince Silver Corp use the proceeds from the private placement?

The proceeds will be used to expand their drill program at the Prince Silver Project in Nevada from 6,500m to 8,200m, and for general corporate working capital.

What is the warrant exercise price and period for PRNCF's private placement?

The warrants are exercisable at $0.60 per share for a period of 12 months from the date of issuance.

What finder's fees did Prince Silver Corp pay for the private placement?

The company paid $16,695 in cash finder's fees, representing 7% of proceeds raised from certain arm's length subscribers.