Silver Storm Closes C$13.8 Million Bought Deal LIFE Private Placement
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Toronto, Ontario, September 22, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the “Company”) (TSX.V:SVRS | FSE: SVR) is pleased to announce the closing of its previously announced “bought deal” private placement (the “Offering”) for gross proceeds of C$13,766,250, which includes the proceeds from the partial exercise of the Underwriter’s over-allotment option. Pursuant to the Offering, the Company sold 55,065,000 units of the Company (the “Units”) at a price of C$0.25 per Unit (the “Offering Price”). Red Cloud Securities Inc. (the “Underwriter”) acted as sole underwriter and bookrunner in connection with the Offering.
Each Unit consists of one common share of the Company (each, a “Unit Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the holder to purchase one common share of the Company (each, a “Warrant Share”) at a price of C$0.35 at any time on or before September 22, 2028.
The Company now has sufficient liquidity and intends to use the net proceeds from the Offering to advance the restart of the La Parrilla Silver Mine Complex in Durango, Mexico as well as for general corporate purposes and working capital, as is more fully described in the Offering Document (as defined herein).
In accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), 51,200,000 Units (the “LIFE Units”) were sold to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The Unit Shares and Warrant Shares underlying the LIFE Units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada. The remaining 3,865,000 Units (the “Non-LIFE Units”) were sold to purchasers (i) in Canada by way of the “accredited investor” and “minimum amount investment” exemptions under NI 45-106, (ii) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and (iii) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws such that no prospectus, registration statement or other similar document were required to be filed in such jurisdiction. The Unit Shares, Warrants and Warrant Shares underlying the Non-LIFE Units are subject to a statutory hold period in accordance with applicable Canadian securities law and may not be traded until January 23, 2026, except as permitted by applicable securities legislation and the policies of the TSX Venture Exchange (the “TSXV”).
