Mr. Gregory Lytle reports
SILVER DOLLAR UPSIZES BROKERED FINANCING TO $5.9 MILLION, WITH PARTICIPATION BY ERIC SPROTT
Due to strong investor demand, Silver Dollar Resources Inc. has upsized its previously announced brokered private placement from $4-million to approximately $5.9-million in aggregate gross proceeds of units of the company at a price of 35 cents per unit. The offering is being led by Research Capital Corp. as the sole agent and sole bookrunner.
Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to participate in the transaction.
Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of 45 cents at any time on or before that date which is 36 months after the closing date of the offering.
The company intends to use the net proceeds from the offering for exploration activities on the La Joya silver project in Durango, Mexico, the Ranger-Page Ag-Pb-Zn (silver-lead-zinc) project in Idaho's Silver Valley and for general working capital purposes, as more fully described in the offering document (as defined herein).
As part of the offering, up to 14 million units (LIFE units) will be offered for sale to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in all provinces and territories of Canada, except Quebec, and other qualifying jurisdictions, including the United States. In addition, in relation to the upsizing, up to 2,857,150 units (accredited investor units) will also be offered to accredited investors under the accredited investor exemption in all provinces and territories of Canada, and other qualifying jurisdictions, including the United States. The LIFE units offered will be immediately free-trading under applicable Canadian securities laws. Unless permitted under securities legislation, the accredited investor units cannot be traded before four months and a day from closing of the offering.
The offering is scheduled to close on or about Oct. 3, 2025, and is subject to certain conditions including, but not limited to, a minimum of $950,000 in gross proceeds being raised by the company under the listed issuer financing exemption and receipt of all necessary corporate and regulatory approvals.
There is an amended and restated offering document that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.
The company has agreed to pay to the agent a cash commission equal to 6 per cent of the gross proceeds of the offering, subject to a reduction for orders on a president's list. In addition, the company has agreed to issue to the agent broker warrants of the company exercisable for a period of 36 months, to acquire in aggregate that number of common shares of the company which is equal to 6 per cent of the number of units sold under the offering, subject to a reduction for orders on a president's list, at an exercise price of 35 cents.
About Silver Dollar Resources Inc.
Silver Dollar is a dynamic mineral exploration company focused on two of North America's premier mining regions: Idaho's prolific Silver Valley and the Durango-Zacatecas silver-gold belt. The company's portfolio includes the advanced-stage Ranger-Page and La Joya projects, as well as the early stage Nora project. The company's financial backers include renowned mining investor Eric Sprott, the company's largest shareholder. Silver Dollar's management team is committed to an aggressive growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.
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