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Defiance Silver Closes Initial Tranche of Private Placement

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Defiance Silver Corp (TSXV: DEF) has closed the first tranche of a non-brokered private placement, issuing 3,661,000 Units at C$0.20 per Unit for gross proceeds of $732,200. Each Unit consists of one common share and one-half warrant, with each whole warrant exercisable at C$0.35 for 24 months.

The company will use the proceeds for exploration and working capital. The offering included finder's fees of $24,132 and 120,660 non-transferable warrants exercisable at C$0.20 for two years. The securities are subject to a four-month hold period.

Additionally, the company clarified that for its previous private placement which closed in July 2024, raising $3,222,615 from 16,113,075 units, the total cash commissions paid were $149,690.60.

Defiance Silver Corp (TSXV: DEF) ha concluso la prima tranche di un'emissione privata non mediata, emettendo 3.661.000 unità a C$0,20 ciascuna, per un incasso lordo di $732.200. Ogni unità consiste in un'azione comune e mezza warrant, con ciascuna warrant intera esercitabile a C$0,35 per 24 mesi.

L'azienda utilizzerà i proventi per l'esplorazione e il capitale operativo. L'offerta includeva commissioni per il finder di $24.132 e 120.660 warrant non trasferibili esercitabili a C$0,20 per due anni. I titoli sono soggetti a un periodo di blocco di quattro mesi.

Inoltre, l'azienda ha chiarito che per la sua emissione privata precedente, chiusa a luglio 2024, che ha raccolto $3.222.615 da 16.113.075 unità, le commissioni totali in denaro pagate sono state di $149.690,60.

Defiance Silver Corp (TSXV: DEF) ha cerrado la primera tranche de una colocación privada sin intermediarios, emitiendo 3,661,000 unidades a C$0.20 por unidad, para unos ingresos brutos de $732,200. Cada unidad consta de una acción común y media warrant, siendo cada warrant completo ejercitable a C$0.35 durante 24 meses.

La empresa utilizará los ingresos para exploración y capital de trabajo. La oferta incluyó comisiones de buscador de $24,132 y 120,660 warrants no transferibles que pueden ser ejercitados a C$0.20 por dos años. Los valores están sujetos a un período de retención de cuatro meses.

Además, la compañía aclaró que para su colocación privada anterior, que cerró en julio de 2024, recaudando $3,222,615 de 16,113,075 unidades, las comisiones totales pagadas en efectivo fueron de $149,690.60.

Defiance Silver Corp (TSXV: DEF)는 비전문가 무료 사모 배치의 첫 번째 분할을 마감했으며, 3,661,000 유닛을 유닛 당 C$0.20에 발행하여 총 $732,200의 수익을 올렸습니다. 각 유닛은 한 개의 보통주와 반 개의 워런트로 구성되어 있으며, 각 완전 워런트는 24개월 동안 C$0.35에 행사할 수 있습니다.

회사는 수익금을 탐사와 운전 자본으로 사용할 예정입니다. 이 제공에는 $24,132의 파인더 수수료와 120,660개의 이전할 수 없는 워런트가 포함되어 있으며, 이는 2년 동안 C$0.20에 행사할 수 있습니다. 이 증권은 4개월의 보유 기간이 적용됩니다.

또한 이 회사는 2024년 7월에 마감된 이전 사모 배치를 위해 16,113,075 유닛에서 $3,222,615를 모금한 결과, 지급된 총 현금 수수료가 $149,690.60이라고 밝혔습니다.

Defiance Silver Corp (TSXV: DEF) a clôturé la première tranche d'un placement privé sans intermédiaire, émettant 3 661 000 unités à 0,20 C$ par unité pour des produits bruts de 732 200 $. Chaque unité se compose d'une action ordinaire et d'un demi-warrant, chaque warrant entier pouvant être exercé à 0,35 C$ pendant 24 mois.

L'entreprise utilisera les produits pour l'exploration et le fonds de roulement. L'offre comprenait des frais de recherche de 24 132 $ et 120 660 warrants non transférables exerçables à 0,20 C$ pendant deux ans. Les titres sont soumis à une période de blocage de quatre mois.

De plus, l'entreprise a précisé que pour son précédent placement privé, qui a été clôturé en juillet 2024 et qui a levé 3 222 615 $ à partir de 16 113 075 unités, le montant total des commissions en espèces versées s'élevait à 149 690,60 $.

Defiance Silver Corp (TSXV: DEF) hat die erste Tranche einer nicht vermittelten Privatplatzierung abgeschlossen und 3.661.000 Einheiten zu je C$0,20 ausgegeben, was einen Bruttoerlös von $732.200 ergibt. Jede Einheit besteht aus einer Stammaktie und einer halben Warrant, wobei jede vollwertige Warrant innerhalb von 24 Monaten zu C$0,35 ausgeübt werden kann.

Das Unternehmen wird die Erlöse für Exploration und Betriebskapital verwenden. Bei der Platzierung gab es Findergebühren von $24.132 und 120.660 nicht übertragbare Warrants, die für zwei Jahre zu C$0,20 ausgeübt werden können. Die Wertpapiere unterliegen einer viertmonatigen Verkaufsbeschränkung.

Darüber hinaus stellte das Unternehmen klar, dass für seine vorherige Privatplatzierung, die im Juli 2024 abgeschlossen wurde und $3.222.615 aus 16.113.075 Einheiten aufbrachte, die insgesamt gezahlten Barprovisionen $149.690,60 betrugen.

Positive
  • Raised $732,200 in new capital through private placement
  • Previous placement in July 2024 successfully raised $3.22 million
Negative
  • Significant dilution through issuance of 3,661,000 new units
  • Additional potential dilution from warrant exercises

Vancouver, British Columbia--(Newsfile Corp. - January 20, 2025) - Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) ("Defiance" or the "Company") announces that it has closed a first tranche of a non-brokered private placement (the "Offering") of units of the Company (the "Units") at a price of C$0.20 per Unit (the "Offering Price"). In aggregate, the Company issued 3,661,000 Units for aggregate gross proceeds of $732,200.

Marketed Offering

Each Unit is comprised of one common share of the Company (each a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will be exercisable by the holder thereof to acquire one common share of the Company (each a "Warrant Share") at a price of C$0.35 at any time on or before the date which is 24 months after the Closing Date.

The net proceeds of the Offering will be used by the Company for exploration and general working capital purposes. Under applicable securities legislation and the policies of the TSX Venture Exchange, the securities issued in this Offering are subject to a four-month hold period from the issuance of the Units.

In connection with the closing of the Offering, the Company paid finder's fees comprised of an aggregate cash commission $24,132 and an aggregate of 120,660 non-transferable warrants (each a "Finder Warrant") to arm-length finders. Each Finder Warrant entitles the holder thereof to purchase common shares of the Company at a price of C$0.20 per common share for a period of two (2) years following the Closing Date, the whole in accordance with the rules and policies of the TSX Venture Exchange.

The Offering remains subject to the final approval of the TSX Venture Exchange.

Clarification of July 29, 2024 news release

In relation to the Company's private placement which closed in tranches on July 12, 2024 and July 29, 2024, where the Company raised an aggregate of $3,222,615.00 from the issuance of 16,113,075 units, the Company wishes to rectify its news release of July 29, 2024 and confirm the aggregate cash commissions paid as part of the aforementioned private placement totalled $149,690.60.

About Defiance Silver Corp.

Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company advancing the district-scale Zacatecas project, located in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring, advancing, and developing several operating mines and advanced resource projects. Defiance's corporate mandate is to advance our projects through capital-efficient exploration focused on resource growth and new mineral discoveries.

On behalf of Defiance Silver Corp.

"Chris Wright"

Chairman of the Board

For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at info@defiancesilver.com.

www.defiancesilver.com

Suite 2900-550 Burrard Street

Vancouver, BC V6C 0A3

Canada

Tel: +1 (604) 343-4677

Email: info@defiancesilver.com

Disclaimer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237786

FAQ

How much did Defiance Silver (DNCVF) raise in its latest private placement?

Defiance Silver raised $732,200 in the first tranche of its private placement by issuing 3,661,000 Units at C$0.20 per Unit.

What is the exercise price and term for the warrants in DNCVF's January 2025 offering?

The warrants are exercisable at C$0.35 per share for a period of 24 months after the closing date.

How will Defiance Silver (DNCVF) use the proceeds from the January 2025 private placement?

The net proceeds will be used for exploration activities and general working capital purposes.

What finder's fees did DNCVF pay for the January 2025 private placement?

The company paid $24,132 in cash commissions and issued 120,660 non-transferable warrants exercisable at C$0.20 for two years.

How much did Defiance Silver raise in its July 2024 private placement?

The company raised $3,222,615 through the issuance of 16,113,075 units in July 2024.

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