On October 13, 2026, 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 offering for gross proceeds of C$100,050,000 with a syndicate of underwriters led by Stifel Canada, as sole bookrunner and lead underwriter, and BMO Capital Markets, Canaccord Genuity Corp. and Desjardins Securities Inc.
Silver Tiger issued an aggregate of 100,050,000 units at a price of C$1.00 per unit. Each unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one common share (a “Warrant Share”) at a price of C$1.35 per Warrant Share for a period of 24 months following the closing of the offering. The proceeds are anticipated to be used to fund exploration and development expenditures at the company’s El Tigre Stockwork Zone Project in Sonora, 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, Rohat Jumani, Peter Garrett, Anthony Foreshew (Capital Markets and M&A), and Griffin Lewicki (Articling Student).
Jurisdiction
- Ontario
