Highlander Silver Announces Upsize of Bought Deal Private Placement to C$28 Million
Highlander Silver Announces Upsize of Bought Deal Private Placement
to C$28 Million
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
Toronto, Ontario (February 20, 2025) - Highlander Silver Corp. (CSE: HSLV;
“Highlander Silver ” or the “ Company”) is pleased to announce that due to strong
institutional investor demand, it has entered into an agreement with Ventum Financial Corp.
as lead underwriter and sole bookrunner , on behalf of a syndicate of underwriters
(collectively, the “Underwriters”), to increase the size of the previously announced bought
deal private placement from $25,000,080 to $28,000,000 (the “Offering”).
Pursuant to the amended terms, the Offering will consist of 20,000,000 common shares (the
“Shares”) of the Company at a price of $1.40 per Share (the “Offering Price”) for aggregate
gross proceeds of $28,000,000, excluding any additional proceeds raised from the exercise
of the Underwriters’ Option (defined below).
The Company intends to use the net proceeds from the Offering to fund the advancement
of exploration activities at the Company’s San Luis gold-silver project in Peru, as well as for
working capital and general corporate purposes.
The Company has agreed to grant the Underwriters an option (the “Underwriters’ Option”)
which will allow the Underwriters to purchase up to an additional 15% of the Shares, on the
same terms as the Offering. The Underwriters’ Option may be exercised in whole or in part
up to 48 hours prior to the closing date of the Offering (as defined below).
The Offering is scheduled to close on March 11, 2025 (the “Closing Date”), or such other
date as the Company and the Underwriters may agree and is subject to certain conditions
including, but not limited to, the receipt of all necessary regulatory approvals, including the
approval of the Canadian Securities Exchange.
The Shares (including any Shares issued pursuant to the Underwriters’ Option) will be
offered on a private placement basis pursuant to exemptions from prospectus requirements
under applicable securities laws, in all provinces of Canada, except Québec, and will be
subject to a statutory hold period of four months and one day from the Closing Date.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any
of the securities in the United States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or
any state securities laws and may not be offered or sold within the United States unless
registered under the U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available.
About Highlander Silver
Highlander Silver is advancing a portfolio of silver exploration and development assets in
the Americas, including the bonanza grade San Luis gold -silver project that is located
adjacent to the Pierina mine in Central Peru. Highlander Silver is backed by t he Augusta
Group, which boasts an exceptional track record of value creation totaling over $4.5B in exit
transactions, and supported by strategic shareholders, the Lundin Family and Eric Sprott.
The Company is listed on the Canadian Securities Exchange (“C SE”) under the ticker
symbol HSLV. Additional information about Highlander Silver and its mineral projects can
be viewed on the Company’s SEDAR+ profile at (www.sedarplus.ca) and its website at
www.highlandersilver.com.
Neither the CSE nor the Canadian Investment Regulatory Organization accepts
responsibility for the adequacy or accuracy of this news release.
For further information, please contact:
Arun Lamba, Vice President Corporate Development
Email: [email protected]
Cautionary Notes and Forward-looking Statements
Certain information contained in this news release constitutes “forward-looking information”
under Canadian securities legislation. This includes, but is not limited to, information or
statements with respect to the Offering, including statements with respect to the completion
of the Offering and the anticipated closing date thereof; the expected receipt of regulatory
and other approvals relating to the Offering; participants in the Offering; the expected
proceeds of the Offering and the anticipated use of the net proceeds therefrom; the future
exploration plans of the Company, timing of future exploration, anticipated results of
exploration and potential mineralization of the Company’s mineral projects. Such forward
looking information or statements can be identified by the use of words such as “believes”,
“plans”, “suggests”, “targets” or “prospects” or variations (including negative variations) of
such words and phrases, or state that certain actions, events or results “will” be taken, occur,
or be achieve d. Forward -looking information involves known and unknown risks,
uncertainties, and other factors which may cause the actual results, performance, or
achievements of the Company and/or its subsidiaries to be materially different from any
future results, performance, or achievements expressed or implied by the forward -looking
information. Such factors include, among others, general business, economic, competitive,
political and social uncertainties, the actual results of current exploration activities, changes
in project parameters as plans continue to be refined, future prices of precious and base
metals, accident, labour disputes and other risks of the mining industry, and delays in
obtaining governmental approvals or financing. Although the Company has att empted to
identify important factors that could cause actual actions, events or results to differ materially
from those described in forward -looking information, there may be other factors that could
cause actions, events or results to differ from those an ticipated, estimated or intended.
Forward-looking information contained herein are made as of the date of this news release.
There can be no assurance that forward -looking information will prove to be accurate, as
actual results and future events could dif fer materially from those anticipated in such
statements. The Company undertakes no obligation to update forward-looking information if
circumstances or management’s estimates or opinions should change, except as required
by applicable securities laws. Acc ordingly, the reader is cautioned not to place undue
reliance on forward-looking information.
Highlander Silver is advancing a portfolio of silver exploration and development assets in
the Americas, including the bonanza grade San Luis gold -silver project that is located
adjacent to the Pierina mine in Central Peru. Highlander Silver is backed by the Augusta
Group, which boasts an exceptional track record of value creation totaling over $4.5B in exit
transactions, and supported by strategic shareholders, the Lundin Family and Eric Sprott.
The Company is listed on the Canadian Securities Exchange (“CSE”) under the ticker
symbol HSLV. Additional information about Highlander Silver and its m ineral projects can
be viewed on the Company’s SEDAR+ profile at ( www.sedarplus.ca) and its website at
www.highlandersilver.com.