Impact Silver Announces Closing of $3.9 Million Non-Brokered Private Placement Financing
Impact Silver Announces Closing of $3.9
Million Non-Brokered Private Placement
Financing
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTC
PINK: ISVLF) (FSE: IKL) ("
IMPACT
" or the "
Company
") is pleased to announce that it has closed a
tranche of the non-brokered private placement financing announced on April 15
th
, 2025 and
subsequently increased on April 18
th
, 2025 (see IMPACT news releases dated April 15, 2025 and April
18, 2025 for details). The financing comprised a LIFE (listed issuer financing exemption) offering and a
standard private placement (together referred to as the "
Offering
").
The Company received aggregate proceeds of C$1,658,000 from the issuance of 8,290,000 LIFE units
(the "
LIFE Units
") at $0.20 per LIFE Unit and C$2,272,711.86 from the issuance of 12,626,177 units
(the "
Units
") of the Company at C$0.18 per Unit for a total of C$3,930,711.86. Each LIFE Unit
comprised of one common share and one-half share purchase warrant, with each whole warrant
exercisable for two years at $0.26 per common share.
Each Unit comprised of one common share and
one warrant, exercisable for three years at $0.24 per common share.
The Company intends to use the proceeds from the Offering to follow up recent success in its exploration
activity at its Plomosas high-grade zinc(-lead-silver) property, and its prolific silver assets at its legacy
Royal Mines of Zacualpan district, as well as invest in operational improvements to improve productivity
and throughput.
The LIFE portion of the Offering was made pursuant to the listed issuer financing exemption under Part
5A of National Instrument 45-106 -
Prospectus Exemptions
(the "
LIFE Exemption
"). The securities
sold under the LIFE Exemption are not subject to a hold period in accordance with applicable Canadian
securities laws. A copy of the offering document under the LIFE Exemption dated April 15, 2025, is
available electronically on SEDAR+
(
www.sedarplus.ca
)
under the Company's issuer profile. The
Offering remains subject to final acceptance by the TSX Venture Exchange.
In connection with the Offering, the Company paid an aggregate of $64,696.19 in finder's fees and
issued 359,423 finder's warrants (each, a "
Finder's Warrant
") on the Unit part of the Offering to certain
finders. Each Finder's Warrant entitles the holder thereof to purchase one common share of the
Company at a price of $0.24 cents per share for three years.
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.
Royal Mines of Zacualpan Silver-Gold District
: IMPACT owns 100% of the 211 km
2
Zacualpan
project 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. Over the past
17 years, IMPACT has placed multiple zones into commercial production and produced over 13 million
ounces of silver, generating revenues over $284 million.
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 2025. Exploration potential at Plomosas is exceptional along a 6km-long
structure. 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.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., an Officer and Director of IMPACT, 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.
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, proceeds received and use of funds, the timing for closing
a further tranche of the Offering, 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. Such statements
include, but are not limited to, statements with respect to the expected use of proceeds of the financing.
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, criminal
activity, competitive factors, general economic conditions, relationships with vendors and strategic
partners, governmental regulation and supervision, seasonality, technological change, industry
practices,; pandemics 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/253172