Guanajuato Silver Announces $30 Million Bought Deal Offering

Guanajuato Silver Company Ltd. has secured a $30 million financing agreement through a "bought deal" with Canaccord Genuity Corp. and Red Cloud Securities Inc. The deal involves the purchase of 60 million units at $0.50 each, totaling $30 million in proceeds. Each unit comprises one common share and a warrant, allowing the purchase of an additional share at $0.65 for 36 months.

The funds will support the development and maintenance of four mines in Mexico, alongside general corporate purposes. An additional option allows underwriters to purchase 9 million more units within 30 days post-closing, potentially raising an extra $4.5 million. The offering is to conclude by October 9, 2025, contingent upon regulatory approvals.