IMPACT Silver Upsizes Financing to $5.0 Million
IMPACT Silver Upsizes Financing to $5.0
Million
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2025) -
IMPACT Silver Corp. (TSXV: IPT)
(OTCQB: ISVLF) (FSE: IKL)
("IMPACT" or the "Company") is pleased to announce it is amending and
increasing its previously announced non-brokered private placement of the Company from $3.5 million to
aggregate gross proceeds of up to $5.0 million due to increased investor interest (the "Offering").
The
non-brokered private placement will still consist of a LIFE offering for $1.75 million, which is being fully
allocated to Trafigura, and a standard private placement for $3.25 million.
All other aspects of the financing remain the same.
The financing will be under the (LIFE) of National Instrument 45-106, Prospectus Exemptions, and other
private placement exemptions under NI 45-106. The LIFE portion of the Offering is referred to in this
news release as the "LIFE Offering". The Company intends to raise gross proceeds of up to $1,750,000
from the sale of up to 8,750,000 units (the "LIFE Units") at a price of $0.20 per LIFE Unit, and up to
$3,250,000 from the sale of up to 18,055,556 standard private placement units (the "Standard PP
Units") at $0.18 per Standard PP Unit. Each LIFE Unit will consist of one common share of the Company
and one half common share purchase warrant (each whole such warrant, a "Warrant"), with each Warrant
entitling the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price
of $0.26 per Warrant Share for a period of 24 months from its date of issue. Each Standard PP Unit will
consist of one common share of the Company and one full Warrant, with each Warrant entitling the
holder thereof to acquire one Warrant Share at a price of $0.24 per Warrant Share for a period of 36
months from its date of issue.
Subject to compliance with applicable regulatory requirements and in accordance with National
Instrument 45-106 - Prospectus Exemptions, the LIFE 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 LIFE Offering that can be accessed under the Company's profile at
www.sedarplus.ca
and on the Company's website at
www.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 May 15, 2025 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. All common shares and Warrants issued as part of the Standard PP Units will bear a hold
period of four months and one day from the date of issuance.
WARRANTS EXTENSION APPROVED
On April 4, 2025, the Company announced the extension of warrants and confirms the extension of
33,283,030 warrants. This has now received TSX approval. For further information about the new expiry
date and terms please see news release here
https://impactsilver.com/investors/news/impact-silver-
extends-april-2025-warrants/
.
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 in central Mexico where four producing 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 ozs 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 18 years, IMPACT has developed multiple exploration zones into
commercial production and has produced over 13 million ounces of silver, generating revenue of
more than $277 million, with no long-term debt.
Plomosas Zinc-Lead-Silver District:
Plomosas is a high-grade zinc producer in northern Mexico
with exceptional exploration upside potential. The Company recently restarted mining operations
and is ramping up production toward design capacity levels. Exploration potential at Plomosas is
exceptional along the 6 km-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 at 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., a Director of IMPACT Silver Corp., is a "Qualified Person" within the
meaning of NI 43-101 and has approved the technical information contained in this news release.
Additional information about IMPACT and its operations can be found on the Company website at
www.IMPACTSilver.com
. Follow us on X (formerly Twitter)
@IMPACT_Silver
and LinkedIn at
https://www.linkedin.com/company/impactsilver
.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
O: (604) 681 0172 or
C: (778) 867 7909 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. 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 regarding interpretation of drill results, activity at
the projects and estimated timing thereof, the potential for defining and extending the known
mineralization, exploration potential on the properties, and plans for drilling and future operations at the
Company's projects or plans for financing.
Such forward-looking information involves known and unknown risks and assumptions, including with
respect to, without limitation, exploration and development risks, expenditure and financing
requirements, title matters, operating hazards, criminal activity, metal prices, political and economic
factors, community relations, 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 or beliefs, opinions, projections or other
factors, 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 at Zacualpan 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 mineral resources or reserve estimates,
preliminary economic assessments or feasibility studies, and historically such projects have increased
uncertainty and risk of failure.
303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
X (Twitter)
Telephone
604 664-7707
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OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/249113