Vancouver, British Columbia — December 17, 2025 — Leads & Copy — Capitan Silver Corp. has announced the closing of its previously announced “bought deal” private placement of common shares, raising gross proceeds of C$23,006,497.50.
The private placement involved the issuance of 11,333,250 common shares at a price of C$2.03 per share, including the full exercise of the option granted to the Underwriters.
Stifel Canada served as the sole bookrunner and lead underwriter, along with TD Securities Inc., BMO Capital Markets, and Canaccord Genuity Corp., collectively referred to as the Underwriters. They acted under the terms of an underwriting agreement dated December 17, 2025.
The company intends to allocate the net proceeds from the offering to fund exploration activities at its Cruz de Plata gold-silver project. The remaining funds will be used for working capital and general corporate purposes, as detailed in the Amended and Restated Offering Document.
The common shares were issued to purchasers resident in specific Canadian provinces under the “listed issuer financing exemption” according to National Instrument 45-106. These shares are not subject to a statutory hold period under Canadian securities laws, except for those issued to certain company insiders, which will have a hold period expiring on April 18, 2026, as per TSX Venture Exchange policies.
The shares were also offered in the United States via private placement exemptions from the U.S. Securities Act of 1933, and in other jurisdictions in compliance with applicable laws.
Capitan Silver paid the Underwriters an aggregate cash commission of approximately C$1,372,473 for their services. The offering is still subject to final acceptance by the TSX Venture Exchange.
Certain insiders of the company, including Robert Scott, a corporation beneficially owned by Graham Scott, Michael Gentile, and Jupiter Gold & Silver Fund, subscribed for a total of 1,960,000 Common Shares under the Offering on the same terms as arm’s length investors.
Alberto Orozco is the CEO of Capitan Silver Corp., and can be reached at info@capitansilver.com or by phone at (778) 327-6671.
Source: Capitan Silver Corp.
