Highlander Silver Closes $32 Million Bought Deal Private Placement
Highlander Silver Closes $32 Million Bought Deal Private Placement
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Toronto, Ontario (March 11, 2025) - Highlander Silver Corp. (CSE: HSLV; “Highlander
Silver” or the “Company”) is pleased to announce that it has closed its previously
announced bought deal private placement, pursuant to which the Company sold 23,000,000
common shares of the Company (the “Shares”) at a price of $1.40 per Share for aggregate
gross proceeds of $32,200,000, which includes the full exercise of the underwriters’ option
(the “Offering”). The Offering was conducted by a syndicate of underwriters led by Ventum
Financial Corp. (the “Lead Underwriter”), as lead underwriter and sole bookrunner, and
including BMO Nesbitt Burns Inc., Haywood Securities Inc., National Bank Financial Inc.,
Canaccord Genuity Corp., Stifel Nicolaus Canada Inc. and TD Securities Inc. (collectively,
the “Underwriters”).
Daniel Earle, President and CEO, commented, “We are deeply grateful to close our
oversubscribed, upsized offering, with the continued support and investment of the Lundin
family. I was delighted to be able to participate in the offering alongside my colleagues and
all members of the Board, led by Richard Warke and Jerrold Annett. The strength of this
financing supports expanding our community hiring and development plans as we prepare
to ramp-up exploration activities at San Luis after the rainy season ends in Central Peru.”
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 Shares are subject to a statutory hold
period of four months and one day under applicable Canadian securities laws and the
Company has entered into a customary lock-up pursuant to which it has agreed not to issue
common shares for 120 days without the consent of the Lead Underwriter, subject to limited
ordinary-course exceptions. In connection with the Offering, the Underwriters received a
cash fee in an amount representing 6.0% of the gross proceeds of the Offering.
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.
All currency references herein are to Canadian dollar unless otherwise stated.
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 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 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 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 achieved.
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 attempted 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 anticipated, 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 differ 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.
Accordingly, the reader is cautioned not to place undue reliance on forward -looking
information.