On November 26, 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$40,004,000 with a syndicate of underwriters led by BMO Capital Markets and Stifel Nicolaus Canada Inc., as joint bookrunners, together with Canaccord Genuity Corp., Desjardins Securities Inc. and Ventum Financial Corp.
Silver Tiger issued an aggregate of 54,800,000 common shares at a price of C$0.73 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 Allison Marks, Peter Garrett (Capital Markets and M&A); and Anthony Foreshew (Articling Student).
Jurisdiction
- Ontario
