Highlander Silver Completes $32 Million Financing

Highlander Silver Corp. has successfully closed a $32.2 million bought deal private placement in Toronto. The offering involved the sale of 23 million common shares at $1.40 each. The transaction was led by Ventum Financial Corp., with participation from several major underwriters. Daniel Earle, CEO, expressed gratitude for the support received, notably from the Lundin family.

Funds will be allocated to enhancing exploration activities at the San Luis project in Peru, as well as for general corporate purposes. The shares are subject to a four-month statutory hold period under Canadian laws. The underwriters received a 6% cash fee on the gross proceeds.

The offering is not registered in the U.S. under the Securities Act of 1933, limiting its availability for sale in the U.S. However, the company remains optimistic about advancing its projects in the Americas.