On June 20, 2025, Defiance Silver Corp., a Canadian mineral exploration company focused on projects in Mexico, completed a brokered listed issuer financing exemption offering and a concurrent non-brokered private placement for aggregate gross proceeds of C$16.5 million.
The financing consisted of a brokered offering of 60,000,000 units for gross proceeds of C$15 million and a concurrent non-brokered offering of 6,000,000 units for additional gross proceeds of C$1.5 million. Each unit consisted of one common share and one-half of one common share purchase warrant. The proceeds will be used to fund exploration activities, complete a mineral resource estimate at the San Acacio project, make option payments relating to the Tepal project and provide working capital. The transaction strengthened Defiance's financial position and supports the continued advancement of its exploration portfolio in Mexico.
Fasken advised Defiance Silver Corp. with a team led by Frank Mariage.
Jurisdictions
- British Columbia
- Québec
