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Defiance Silver Closes Third and Final Tranche of Upsized Private Placement

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Defiance Silver Corp (TSXV: DEF) has successfully closed the third and final tranche of its non-brokered private placement, raising C$975,000 through the issuance of 4,875,000 Units at C$0.20 per Unit. The total offering resulted in aggregate gross proceeds of C$3,267,800 from 16,339,000 Units.

Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at C$0.35 for 24 months. The company paid finder's fees totaling C$166,368 and issued 831,840 Finder Warrants. The proceeds will support exploration activities and general working capital purposes.

The securities are subject to a four-month hold period, and the offering awaits final approval from the TSX Venture Exchange. Defiance Silver focuses on advancing the Zacatecas project in Mexico's historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state.

Defiance Silver Corp (TSXV: DEF) ha concluso con successo la terza e ultima tranche della sua offerta privata non mediata, raccogliendo C$975,000 attraverso l'emissione di 4,875,000 Unità a C$0.20 per Unità. L'offerta totale ha comportato proventi lordi aggregati di C$3,267,800 da 16,339,000 Unità.

Ogni Unità consiste in un'azione comune e in metà di un warrant per l'acquisto di un'azione comune, con ogni warrant intero esercitabile a C$0.35 per 24 mesi. La società ha pagato commissioni ai procuratori per un totale di C$166,368 e ha emesso 831,840 Warrant per i Procuratori. I proventi sosterranno le attività di esplorazione e le necessità di capitale operativo generale.

I titoli sono soggetti a un periodo di blocco di quattro mesi e l'offerta attende l'approvazione finale dalla TSX Venture Exchange. Defiance Silver si concentra sullo sviluppo del progetto Zacatecas nel storico distretto argenteo di Zacatecas in Messico e del progetto Tepal Oro/Rame nello stato di Michoacán.

Defiance Silver Corp (TSXV: DEF) ha cerrado con éxito la tercera y última tranche de su colocación privada no mediada, recaudando C$975,000 a través de la emisión de 4,875,000 Unidades a C$0.20 por Unidad. La oferta total resultó en ingresos brutos agregados de C$3,267,800 de 16,339,000 Unidades.

Cada Unidad consiste en una acción común y en medio de un warrant de compra de acciones comunes, con cada warrant completo ejercitable a C$0.35 durante 24 meses. La compañía pagó honorarios de intermediación por un total de C$166,368 y emitió 831,840 Warrants de Intermediarios. Los ingresos apoyarán actividades de exploración y necesidades generales de capital de trabajo.

Los valores están sujetos a un período de retención de cuatro meses, y la oferta espera la aprobación final de la TSX Venture Exchange. Defiance Silver se centra en avanzar en el proyecto Zacatecas en el histórico distrito de plata de Zacatecas en México y en el proyecto Tepal de Oro/Cobre en el estado de Michoacán.

Defiance Silver Corp (TSXV: DEF)는 중개인이 없는 사모배치를 통해 C$975,000을 모집하며 세 번째이자 마지막 분할을 성공적으로 완료했습니다. 이로 인해 총 C$3,267,800의 총 수익이 발생했습니다. 발행한 유닛 수는 16,339,000개입니다.

각 유닛은 하나의 보통주와 하나의 보통주 매입 워런트의 절반으로 구성되며, 각 전체 워런트는 24개월 동안 C$0.35에 행사할 수 있습니다. 회사는 총 C$166,368의 중개 수수료를 지급하고 831,840개의 중개인 워런트를 발행했습니다. 수익금은 탐사 활동 및 일반 운영 자본 목적을 지원합니다.

증권은 4개월의 보유 기간이 적용되며, 이 제안은 TSX 벤처 거래소의 최종 승인을 기다리고 있습니다. Defiance Silver는 멕시코의 역사적인 자카테카스 은 지구에 있는 자카테카스 프로젝트와 미초아칸 주에 있는 테팔 금/구리 프로젝트의 발전에 집중하고 있습니다.

Defiance Silver Corp (TSXV: DEF) a réussi à clôturer la troisième et dernière tranche de son placement privé non intermédié, levant C$975,000 par l'émission de 4,875,000 unités à C$0.20 par unité. L'offre totale a abouti à des produits bruts agrégés de C$3,267,800 provenant de 16,339,000 unités.

Chaque unité se compose d'une action ordinaire et d'une moitié d'un bon de souscription d'actions ordinaires, chaque bon entier pouvant être exercé à C$0.35 pendant 24 mois. La société a payé des frais de courtage totalisant C$166,368 et a émis 831,840 bons de souscription pour les courtiers. Les produits serviront à soutenir les activités d'exploration et les besoins de fonds de roulement général.

Les titres sont soumis à une période de blocage de quatre mois, et l'offre attend l'approbation finale de la TSX Venture Exchange. Defiance Silver se concentre sur le développement du projet Zacatecas dans le district historique de l'argent de Zacatecas au Mexique et sur le projet Tepal Or/Cuivre dans l'État de Michoacán.

Defiance Silver Corp (TSXV: DEF) hat erfolgreich die dritte und letzte Tranche seiner nicht vermittelte Privatplatzierung abgeschlossen und dabei C$975,000 durch die Ausgabe von 4,875,000 Einheiten zu C$0.20 pro Einheit gesammelt. Das gesamte Angebot ergab Bruttoeinnahmen von C$3,267,800 aus 16,339,000 Einheiten.

Jede Einheit besteht aus einer Stammaktie und einem halben Kaufwarrant für eine Stammaktie, wobei jeder vollständige Warrant für 24 Monate zu C$0.35 ausgeübt werden kann. Das Unternehmen zahlte Vermittlungsgebühren in Höhe von insgesamt C$166,368 und gab 831,840 Vermittler-Warrants aus. Die Einnahmen werden die Explorationsaktivitäten und allgemeine Betriebskosten unterstützen.

Die Wertpapiere unterliegen einer viermonatigen Haltedauer, und das Angebot wartet auf die endgültige Genehmigung durch die TSX Venture Exchange. Defiance Silver konzentriert sich darauf, das Zacatecas-Projekt im historischen Silberbezirk Zacatecas in Mexiko und das Tepal Gold/Kupfer-Projekt im Bundesstaat Michoacán voranzubringen.

Positive
  • Successful completion of private placement raising C$3.27M in total proceeds
  • Additional working capital secured for exploration activities
Negative
  • Share dilution due to issuance of 16,339,000 new units
  • Additional potential dilution from exercise of warrants
  • Significant finder's fees reducing net proceeds

Vancouver, British Columbia--(Newsfile Corp. - February 13, 2025) - Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) ("Defiance" or the "Company") announces that it has closed a third and final tranche ("Third Tranche") of its 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"). Under the Third Tranche, the Company issued 4,875,000 Units for aggregate gross proceeds of C$975,000.

In total, the Company issued 16,339,000 Units for aggregate gross proceeds of C$3,267,800 under the Offering.

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 Third Tranche, the Company paid finder's fees comprised of an aggregate cash commission of C$66,900 and an aggregate of 334,500 non-transferable warrants (each a "Finder Warrant") to arm-length finders. In total, the Company paid finder's fees comprised of an aggregate cash commission of C$166,368 and an aggregate of 831,840 Finder Warrants in connection with the Offering. Each Finder Warrant entitles the holder thereof to purchase one common share of the Company at a price of C$0.20 per common share for a period of two (2) years following its issuance, 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.

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/240726

FAQ

How much did Defiance Silver (DNCVF) raise in its final tranche of private placement?

Defiance Silver raised C$975,000 in the third and final tranche of its private placement through the issuance of 4,875,000 Units at C$0.20 per Unit.

What are the terms of the warrants issued in Defiance Silver's (DNCVF) private placement?

Each warrant is exercisable at C$0.35 to acquire one common share for a period of 24 months after the closing date.

What was the total amount raised by Defiance Silver (DNCVF) in the entire private placement?

The total private placement raised aggregate gross proceeds of C$3,267,800 through the issuance of 16,339,000 Units.

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

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

What finder's fees did Defiance Silver (DNCVF) pay for the private placement?

Defiance Silver paid total finder's fees of C$166,368 in cash and issued 831,840 Finder Warrants exercisable at C$0.20 for two years.

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