Vancouver, British Columbia–(Newsfile Corp. – December 22, 2023) – Impact Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) (“IMPACT” or “company“) is pleased to announce that it has closed a previously announced $3,500,000 non-brokered private placement financing on December 6, and has extended it to December 8, 2023 (“Proposal“) to $3,500,000.

The company received total proceeds of C$3,500,000 from the issuance of 20,588,235 units (“units“) of the Company at C$0.17 per Unit. Each Unit will consist of one ordinary share of the Company and one-half of one ordinary share purchase warrant. Each whole warrant entitles its holder to acquire from the Company one share at the price of one share $0.22 per share for a period of 24 months from the date of issue.

The Company intends to use the net proceeds from the Offering for other general corporate purposes, including exploration and development of its projects in Mexico, working capital requirements and legal and financing fees related to the Offering.

Frederick Davidson, CEO and President of the company, says, “As the year ends I want to thank all of our investors and stakeholders for their support in this financing. We look forward to a strong and expanded exploration program in 2024 as we ramp up operations. Will accelerate.” cash flow. Meanwhile, precious and base metals prices have recently benefited from low forecast interest rates and strong anticipated growth stemming from the green energy economy, which will provide substantial volumes of silver and zinc going forward.

The offering was made pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemption (“life discount“). Securities sold under the life exemption are not subject to hold periods in accordance with applicable Canadian securities laws. A copy of the offering document under the life exemption dated December 6, 2023, as amended, dated December 8, 2023, Available electronically on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile. The Offering is subject to final acceptance by the TSX Venture Exchange.

In connection with the Offering, the Company paid a total of $58,000 in finder’s fees and issued 341,298 finder’s warrants (each, one “finder’s warrant“) for certain finders. Each finder’s warrant entitles its holder to purchase one common share of the Company at a price of 22 cents per share for a period of 24 months from the date of issue.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, they may not be offered or sold. In the United States except in accordance with or exempt from compliance with the registration requirements of the U.S. Securities Act and applicable state securities regulations. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction.

About Impact Silver

Impact Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.

Royal Mines of the Zacualpan Silver-Gold District: Impact owns 100% of the 211 km2 Zacualpan project, where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capiar Project includes a 200 tpd processing pilot plant adjacent to an open-pit silver mine with NI 43-101 inferred mineral resources of 4.5 million ounces of silver, 48 million pounds of zinc and 21 million pounds of lead. (see impact news release dated 18 January 2016 for details and QP details); Company engineers are reviewing the copier for a possible restart of operations. Over the past 17 years, IMPACT has brought several fields into commercial production and produced over 12 million ounces of silver, generating revenues of over $256 million.

Plomosas Zinc-Lead-Silver District: Plumoses is a high-end zinc producer with exceptional exploration potential in northern Mexico. The company recently restarted operations and plans to expand in 2024. The exploration potential at Plomosas is exceptional, with only 600 m of the 6 km long structure having been explored so far. This is in addition to other exploration targets on the 3,019-hectare property, which also include untapped copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas is located in the same mineral belt as some of the world’s largest carbonate replacement reserves.

Qualified Persons and NI 43-101 Disclosures

George Gorzynski, P.Eng., is a “qualified person” within the meaning of NI 43-101 and has approved the technical information contained in this news release.

From Impact Silver Corporation

“Frederick W. Davidson”
Chairman and Chief Executive Officer

for more information contact:
jerry huang
CFO Investor Relations
(604) 664-7707 or [email protected]
(778) 887 6489 direct

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking and Cautionary Statements

This IMPACT news release may contain certain “forward-looking” statements and information relating to IMPACT that are based on the beliefs of IMPACT management as well as assumptions made by IMPACT management and information currently available. All statements other than statements of historical fact are included herein, including, without limitation, statements regarding future silver prices, interpretation of drill results, future action plans, use of proceeds and funds received, the potential of the Company’s projects and Capacity included. and plans for the Plomosas Project are forward-looking statements. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “planned”, “expect”, “project”, “predict”. , “potential”, “targeting”, “intend”, “believe”, “potential”, and similar expressions, or describe a “target”, or variations of such words and phrases, or state that certain actions, events or results that “may”, “should”, “could”, “will”, “might” or “will” be taken, occur or be achieved. Such statements include, but are not limited to, statements regarding the expected use of the proceeds of the private placement.

Such forward-looking information involves known and unknown risks and assumptions, including, without limitation, exploration and development risks, expenditures and financing requirements, title matters, operational threats, metal prices, political and economic factors, competitive factors, General economic included. Conditions, relationships with vendors and strategic partners, government regulation and oversight, seasonality, technological changes, industry practices, and one-time events.. Should any one or more of the risks or uncertainties arise or change, or should any underlying assumptions prove incorrect? However, actual results and forward-looking statements may differ materially from those described herein. IMPACT undertakes no obligation to update any forward-looking statement, except as required by law.

A company’s decision to place a mine into production, expand a mine, make other production-related decisions, or otherwise undertake mining and processing operations is based largely on internal non-public company data and reports on exploration, development and mining operations. is based. Company geologists and engineers. The results of this work are evident in the exploration and construction of several mines for the company and the company’s track record of mineral production and financial returns since 2006. Under NI 43-101 the company is required to disclose that it has not done so. Its production decisions are based on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have had increased uncertainty and risk of failure.

303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone (604) 664-7707
www.impactsilver.com
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Original Article: https://biz.crast.net/impact-silver-announces-closing-of-3-5m-non-brokered-private-placement-financing/