Guanajuato Silver Secures C$8 Million Financing with Eric Sprott Investment

Guanajuato Silver Company Ltd. announced a non-brokered private placement aiming to raise up to C$8,000,000 through the issuance of 33,333,333 units at a price of $0.24 per unit. Each unit consists of a common share and a half-purchase warrant, granting the right to acquire an additional share at $0.35 for 24 months post-closure. The placement, targeted to close by October 28, 2024, requires TSX Venture Exchange approval.

Notably, Eric Sprott, via 2176423 Ontario Ltd., commits C$3,000,000 to this financing. CEO James Anderson highlighted that the funding will aid in escalating production and enhancing exploration across Mexican mines. Finders' fees of 6% in cash and broker warrants are expected, with securities subject to a four-month hold period.