On December 17, 2025, Capitan Silver Corp. (the "Company") completed a bought deal private placement offering pursuant to the listed issuer financing exemption (the "Offering") for gross proceeds of C$23 million, including the full exercise of the underwriter's option for additional proceeds of C$3 million.
Under the Offering, the Company issued 11,333,250 common shares at a price of C$2.03 per common share.
Proceeds of the Offering will be used to fund the Company's exploration activities at its Cruz de Plata gold-silver project as well as for working capital and general corporate purposes. Stifel Nicolaus Canada Inc., as lead underwriter and sole bookrunner, together with TD Securities Inc., BMO Nesbitt Burns Inc. and Canaccord Genuity Corp. acted as underwriters in connection with the Offering.
Fasken advised Stifel Nicolaus Canada Inc. in connection with the Offering with a team led by Alex Nikolic, which included Victoria Zed, Brittany Vanword, Terence Bernard and Anthony Foreshew (Articling Student).
Jurisdictions
- Canada
- Mexico
