IMPACT Silver Announces C$2.7 Million Non- Brokered Private Placement Financing
IMPACT Silver Announces C$2.7 Million Non-
Brokered Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2023) - IMPACT Silver Corp. (TSXV: IPT)
(OTCQB: ISVLF) (FSE: IKL)
("IMPACT" or the "Company") is pleased to announce a non-brokered
private placement financing, pursuant to the listed issuer financing exemption (LIFE) of National
Instrument 45-106 - Prospectus Exemptions, to raise gross proceeds of up to $2.7 million from the sale
of up to 15,882,353 units at a price of C$0.17 per Unit (the "Offering Price") for gross proceeds of up to
C$2,700,000 (the "Offering"). Each Unit will consist of one common share in the capital of the Company
and one-half of one common share purchase warrant of the Company, with each Warrant entitling the
holder thereof to acquire one common share of the Company (a "
Warrant Share
") at a price of $0.22
per Warrant Share until the date that is 24 months from the closing date of the Offering.
The Company intends to use the proceeds from the offering to accelerate exploration activity at the
recently acquired Plomosas high-grade zinc-lead-silver property located in Chihuahua, Mexico, as well
as for working capital requirements and other general corporate purposes including legal and financing
fees related to the offering. Exploration activities include sampling, target definition, and drilling with the
intention of expanding the existing JORC mineral resource at Plomosas, where only 600m of the 6-
kilometre-long structure has been tested. The region is known for hosting some of the largest carbonate
replacement deposits in the world.
Subject to compliance with applicable regulatory requirements and in accordance with National
Instrument 45-106 -
Prospectus Exemptions
("
NI 45-106
"), the Offering is being made pursuant to the
listed issuer financing exemption under Part 5A of NI 45-106 (the "
Listed Issuer Financing
Exemption
"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a
hold period in accordance with applicable Canadian securities laws. There is an offering document (the
"
Offering Document
") related to the Offering that can be accessed under the Company's profile at
www.sedarplus.ca
and on the Company's website at
impactsilver.com
. Prospective investors should
read this Offering Document before making an investment decision.
The Offering is scheduled to close on or about the week of December 15
th
, 2023 and is subject to
certain conditions including, but not limited to, the receipt of all necessary approvals including the
approval of the TSX Venture Exchange (the "Exchange"). The Company may pay finder's fees or
commissions on a portion of the Offering, subject to compliance with the policies of the Exchange and
applicable securities legislation.
The securities described herein 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
accordingly, may not be offered or sold within the United States except in compliance with the
registration requirements of the U.S. Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation
to buy any securities in any jurisdiction.
ABOUT IMPACT SILVER
IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.
Plomosas Zinc-Lead-Silver District:
Plomosas is a high-grade zinc producer in northern Mexico with
exceptional exploration upside potential. The Company recently re-commenced operations and has
plans for expansion in 2024. Exploration potential at Plomosas is exceptional with only 600m of the 6
km-long structure having been explored to date. This is in addition to other exploration targets on the
3,019-hectare property including untested copper-gold targets with indications of high-grade material
from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate
replacement deposits in the world.
Royal Mines of Zacualpan Silver-Gold District
: IMPACT owns 100% of the 211 km
2
Zacualpan
project in central Mexico where four underground silver mines and one open pit mine feed the central
500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing
pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over
4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead. (see IMPACT news release dated January
18, 2016, for details and QP statement) Company engineers are reviewing Capire for a potential restart
of operations to leverage improving commodity prices. Over the past 17 years, IMPACT has developed
multiple exploration zones into commercial production and has produced over 12 million ounces of silver,
generating revenue more than $256 million.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., is a "Qualified Person" within the meaning of NI 43-101 and has approved
the technical information contained in this news release.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or
(778) 887 6489 Direct
Neither 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
release.
Offering Disclosure Statements
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
Company's securities in the United States. The Company's shares 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 or to U.S. Persons
unless registered under the U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating
to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and
information currently available to IMPACT management. All statements, other than statements of
historical facts, included herein, including, without limitation, statements relating to future silver prices,
interpretation of drill results, future work plans, the timing of closing of the Offering, proceeds received
and use of funds, the potential of the Company's projects, and potential and plans for the Plomosas
project, are forward looking statements. Forward-looking information is often, but not always, identified
by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project",
"predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes
a "goal", or variation of such words and phrases or state that certain actions, events or results "may",
"should", "could", "would", "might" or "will" be taken, occur or be achieved.
There is no assurance that
(i) the Company will be able to complete the Offering on the terms set out above, or at all, or (ii) that
the proceeds of the Offering will be expended as contemplated.
Such forward-looking information involves known and unknown risks and assumptions, including with
respect to, without limitations, exploration and development risks, expenditure and financing
requirements, title matters, operating hazards, metal prices, political and economic factors, competitive
factors, general economic conditions, relationships with vendors and strategic partners, governmental
regulation and supervision, seasonality, technological change, industry practices, and one-time events.
Should any one or more risks or uncertainties materialize or change, or should any underlying
assumptions prove incorrect, actual results and forward-looking statements may vary materially from
those described herein. IMPACT does not assume the obligation to update any forward-looking
statement, except as required by law.
The Company's decision to place a mine into production, expand a mine, make other production related
decisions or otherwise carry out mining and processing operations, is largely based on internal non-
public Company data and reports based on exploration, development and mining work by the
Company's geologists and engineers. The results of this work are evident in the discovery and building
of multiple mines for the Company and in the track record of mineral production and financial returns of
the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its
production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary
economic assessments or feasibility studies, and historically such projects have increased uncertainty
and risk of failure.
303-543 Granville Street
Telephone
(604) 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/190038