Guanajuato Silver Completes C$43.5 Million Public Offering

Guanajuato Silver Company Ltd. has concluded its "bought deal" public offering, raising gross proceeds of C$43.5 million through the sale of 87,000,000 units at C$0.50 each. The offering was led by Canaccord Genuity Corp. and Red Cloud Securities Inc.

Each unit includes one common share and half of a warrant, allowing the purchase of additional shares at C$0.65 until October 9, 2028. Proceeds will support the company's Mexican mines' development and general corporate purposes. An additional 13,050,000 units could be issued if the underwriters exercise their option.

The offering involved a prospectus supplement and private placements in the U.S. No new insiders were created. Underwriters received a C$2,595,000 commission and non-transferable warrants.