Arizona Tribune - Highlander Silver Closes $32 Million Bought Deal Private Placement

TORONTO, ON / ACCESS Newswire / March 11, 2025 / Highlander Silver Corp. (CSE:HSLV)("Highlander Silver" or the "Company") is pleased to announce that it has closed its previously announced bought deal private placement, pursuant to which the Company sold 23,000,000 common shares of the Company (the "Shares") at a price of $1.40 per Share for aggregate gross proceeds of $32,200,000, which includes the full exercise of the underwriters' option (the "Offering"). The Offering was conducted by a syndicate of underwriters led by Ventum Financial Corp. (the "Lead Underwriter"), as lead underwriter and sole bookrunner, and including BMO Nesbitt Burns Inc., Haywood Securities Inc., National Bank Financial Inc., Canaccord Genuity Corp., Stifel Nicolaus Canada Inc. and TD Securities Inc. (collectively, the "Underwriters").

Daniel Earle, President and CEO, commented, "We are deeply grateful to close our oversubscribed, upsized offering, with the continued support and investment of the Lundin family. I was delighted to be able to participate in the offering alongside my colleagues and all members of the Board, led by Richard Warke and Jerrold Annett. The strength of this financing supports expanding our community hiring and development plans as we prepare to ramp-up exploration activities at San Luis after the rainy season ends in Central Peru."

The Company intends to use the net proceeds from the Offering to fund the advancement of exploration activities at the Company's San Luis gold-silver project in Peru, as well as for working capital and general corporate purposes. The Shares are subject to a statutory hold period of four months and one day under applicable Canadian securities laws and the Company has entered into a customary lock-up pursuant to which it has agreed not to issue common shares for 120 days without the consent of the Lead Underwriter, subject to limited ordinary-course exceptions. In connection with the Offering, the Underwriters received a cash fee in an amount representing 6.0% of the gross proceeds of the Offering.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

All currency references herein are to Canadian dollar unless otherwise stated.

About Highlander Silver

Highlander Silver is advancing a portfolio of silver exploration and development assets in the Americas, including the bonanza grade San Luis gold-silver project that is located adjacent to the Pierina mine in Central Peru. Highlander Silver is backed by the Augusta Group, which boasts an exceptional track record of value creation totaling over $4.5B in exit transactions, and supported by strategic shareholders, the Lundin family and Eric Sprott. The Company is listed on the Canadian Securities Exchange ("CSE") under the ticker symbol HSLV. Additional information about Highlander Silver and its mineral projects can be viewed on the Company's SEDAR+ profile at (www.sedarplus.ca) and its website at www.highlandersilver.com.

Neither the CSE nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this news release.

For further information, please contact:

Arun Lamba, Vice President Corporate Development
Email: [email protected]

Cautionary Notes and Forward-looking Statements

View the original press release on ACCESS Newswire

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