On October 7, 2025, Silver Tiger Metals Inc. (“Silver Tiger”), a mineral exploration company engaged in exploring for gold and silver, announced the closing of its previously announced bought deal for gross proceeds of approximately C$28,773,000 with a syndicate of underwriters led by Stifel Canada and Desjardins Capital Markets, and including BMO Capital Markets, and Ventum Financial Corp.
Silver Tiger issued an aggregate of 39,962,500 common shares at a price of C$0.72 per share. The proceeds are anticipated to be used to fund exploration and development expenditures at the Company's El Tigre Project in Mexico, as well as for working capital and general corporate purposes.
Fasken advised Silver Tiger with a team led by Bradley Freelan and including Arjun Sodhi, Rohat Jumani (Capital Markets and M&A); and Anthony Foreshew (Articling Student).
Jurisdiction
- Ontario
