Craig Sharpe – Non-Executive Chair John Skeet – Managing Director & CEO Garry Thomas – Non-Executive Director Stephen Layton – Non-Executive Director David Toyoda – Non-Executive Director Justyn Stedwell – Company Secretary
4 November 2024
DIRECTORS
Craig Sharpe – Non-Executive Chair
John Skeet – Managing Director & CEO
Garry Thomas – Non-Executive Director
Stephen Layton – Non-Executive Director
David Toyoda – Non-Executive Director
Justyn Stedwell – Company Secretary
MITHRIL SILVER AND GOLD LIMITED
ACN: 099 883 922
ASX: MTH
www.mithrilsilvergold.com
REGISTERED OFFICE
The Block Arcade
Level 3, Suite 324, 96 Elizabeth St
Melbourne VIC 3000
T: +61 3 9088 2049
Completion of Private Placement
Mithril Silver and Gold Limited has closed , in part, its previously announced (October 28, 2024) private
placement. The placement consists of 25,000,000 units at AUD$0.50 with each unit consisting of one
common share in the capital of the company and one -half share purchase warrant for gross proceeds
of AUD$12,500,000. Each whole warrant shall be exercisable into an additional common share at an
exercise price of AUD$0.75 for a period of two years from the date of issuance. On closing, 24,600,000
shares have been issued and 400,000 shares and all 12,500,000 warrants are subject to shareholder
approval in accordance with the policies of the ASX at an extraordinary shareholder meeting to be held
on December 17, 2024.
Fees of 6 per cent in cash and 6 per cent in warrants exercisable into common shares at AUD$0.75 for a
period of two years have also been paid for a total of AUD$750,000 and 1,500,000 broker warrants. PAC
Partners Securities and Arlington Group Asset Management as joint lead managers will receive the fees.
Net proceeds raised from the offering will be used to complete the current 9,000-metre drill program to
expand the high -grade maiden Joint Ore Reserves Committee resource at the Target 1 area and the
upgrade of the access road, for district target advancement, and to prepare targets 2 (Las Brujas-El Peru)
and 3 (Constancia-El Jabali) for drilling in 2025.
6,600,000 shares will be subject to a four-month hold period from the date of issuance which will expire
on March 5, 2025. 400,000 shares and 3,500,000 warrants will be subject to a four month hold period
when issued, subject to shareholder approval.
Insiders subscribed for an aggregate of 400,000 units for a total of AUD$200,000. As insiders of Mithril
participated in the financing, it is deemed to be a related -party transaction within the meaning of
Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Mithril
is relying on the exemptions from the formal valuation and minority approval requirements contained
in sections 5.5(a) and 5.7(1)(a) of MI 61 -101 on the basis that the fair market value of the transact ion
does not exceed 25 per cent of the company's market capitalization. The company will be filing a material
change report in respect of the related-party transaction on SEDAR+.
-ENDS-
For further information contact:
John Skeet
Managing Director and CEO
+61 435 766 809
Mark Flynn
Investor Relations
+61 416 068 733