Abrasilver Announces Closing of $30 Million Public Offering of Common Shares
220 Bay Street, Suite 550, Toronto, ON M5J 2W4
www.abrasilver.com
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
ABRASILVER ANNOUNCES CLOSING OF $30 MILLION PUBLIC OFFERING OF COMMON
SHARES
Toronto, ON – February 7, 2025 – AbraSilver Resource Corp. (TSXV: ABRA) (“ AbraSilver” or the
“Company”) is pleased to announce the successful closing of its previously announced bought deal
public offering (the “ Offering”) of 11,765,650 common shares of the Company (the “ Common
Shares”) at a price of $2.55 per Common Share (the “Issue Price”) for aggregate gross proceeds of
$30,002,407.50. This total includes the full exercise of the over-allotment option.
The Offering was completed pursuant to an underwriting agreement dated February 4, 2025 (the
“Underwriting Agreement”) entered into among the Company and a syndicate of underwriters, led
by National Bank Financial Inc. and Beacon Securities Limited, acting as co-bookrunners, and
including Raymond James Ltd., Scotia Capital Inc. and TD Securities Inc. (collectively, the
“Underwriters”). In connection with the Offering, the Company paid the Underwriters a cash
commission equal to 6.0% of the aggregate gross proceeds raised.
Net proceeds from the Offering will be used to fund the continued advancement of the 100%-owned
Diablillos silver-gold project in the Salta province of Argentina, as well as for general corporate
purposes.
In addition to and concurrent with the Offering, the Company intends to complete its previously
announced private placement (the “ Concurrent Private Placement”) of up to 11,193,565 Common
Shares in connection with the exercise of participation rights held by an affiliate of Central Puerto S.A.
(“Central Puerto”) and Kinross Gold Corporation (“Kinross”), at the Issue Price, for aggregate gross
proceeds of up to $28,543,590.75. In connection with the Concurrent Private Placement, the Company
may pay an arm’s length finder a cash commission of up to 3.0% of the proceeds raised from Central
Puerto. The Common Shares sold pursuant to the Concurrent Private Placement will be subject to a
hold period of four months plus one day from the closing date of the Concurrent Private Placement.
The closing of the Concurrent Private Placement is expected to occur on or about February 11, 2025
and is subject to the Company receiving all necessary approvals, including the conditional approval
from the TSX Venture Exchange.
The Offering was completed in all provinces and territories of Canada, except Quebec and Nunavut,
pursuant to a prospectus supplement (the “Supplement”) dated February 4, 2025 to the Company’s
short form base shelf prospectus dated April 14, 2023 (the “ Base Shelf Prospectus”), filed with the
securities regulatory authorities in each of the provinces and territories of Canada, and in the United
States on a private placement basis pursuant to an exemption from the registration requirements of
the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and applicable state securities
laws and other jurisdictions. Copies of the Supplement, the Base Shelf Prospectus and the
Underwriting Agreement are available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United
States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to
qualification or registration under the securities laws of such jurisdiction. The securities being offered
have not been, nor will they be, registered under the U.S. Securities Act, and such securities may not
be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent
registration or an applicable exemption from U.S. registration requirements and applicable U.S. state
securities laws.
220 Bay Street, Suite 550, Toronto, ON M5J 2W4
www.abrasilver.com
About AbraSilver
AbraSilver is an advanced-stage exploration company focused on rapidly advancing its 100%-owned
Diablillos silver-gold project in the mining-friendly Salta and Catamarca provinces of Argentina. The
current Proven and Probable Mineral Reserve estimate for Diablillos, consists of 42.3 Mt grading 91
g/t Ag and 0.81 g/t Au, containing approximately 124 Moz silver and 1.1 Moz gold, with significant
further exploration upside potential. In addition, the Company has entered into an earn-in option and
joint venture agreement with Teck on the La Coipita project, located in the San Juan province of
Argentina. AbraSilver is listed on the TSX-V under the symbol “ABRA” and in the U.S. on the OTCQX
under the symbol “ABBRF.”
For further information please visit the AbraSilver Resource website at www.abrasilver.com, our
LinkedIn page at AbraSilver Resource Corp., and follow us on X at www.x.com/abrasilver.
Alternatively please contact:
John Miniotis, President and CEO
Tel: +1 416-306-8334
Cautionary Note Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities
legislation, including in respect of the Offering, the Concurrent Private Placement, the expected closing
date of the Concurrent Private Placement and the use of net proceeds thereof. Forward-looking
statements are necessarily based upon a number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from those expressed or implied by such
forward-looking statements. All statements that address future plans, activities, events or
developments that the Company believes, expects or anticipates will or may occur are forward-looking
information. There can be no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. When considering this
forward-looking information, readers should keep in mind the risk factors and other cautionary
statements in the Company’s disclosure documents filed with the applicable Canadian securities
regulatory authorities on SEDAR+ at www.sedarplus.ca. The risk factors and other factors noted in
the disclosure documents could cause actual events or results to differ materially from those described
in any forward-looking information. The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as required by law.
Neither the 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
news release.