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Pacifica Silver Closes Second Tranche of $10 Million Private Placement Financing

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Pacifica Silver Closes Second Tranche of $10 Million Private Placement Financing

 

 

 

 

 

Pacifica Silver Corp. (CSE: PSIL) is pleased to announce the closing of the second tranche of its previously announced non-brokered private placement financing by issuing 900,000 units of the Company at a price of C$0.50 per Unit for aggregate proceeds of C$450,000. Together with the first tranche, Pacifica has now raised a total of C$10 million (see Company news releases dated August 7 and August 21, 2025).

 

Each Unit consists of one common share of the Company and one-half of one common share purchase warrant of the Company. Each Warrant entitles the holder to purchase an additional Common Share at an exercise price of $0.80 for a period of 36 months following the closing of the Offering.

 

The Units under the second tranche of the Offering will be subject to resale restrictions for a period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. The proceeds of the Offering are expected to be used for upcoming exploration and drill work at the Claudia Project located in Durango, Mexico, as well as general working capital. No finders’ fees were paid under the Offering.

 

About Pacifica Silver Corp.

 

Pacifica Silver Corp. is a Canadian resource company led by a proven management team with decades of mining and exploration experience in Mexico. The company is focused on its 100% owned Claudia Project located in Durango, Mexico. Spanning 11,876 hectares, the Project encompasses most of the historic El Papantón Mining District where at least nine small mines operated throughout the 20th century. Since 1990, sampling and drilling within have returned high-grade silver and gold intercepts across multiple vein systems, with only 10% of over 30 kilometres of known veins having been drilled. Today, the project is a prime target for modern exploration and holds exceptional potential for new high-grade discoveries.

 

The Company also holds an option to acquire a 100% interest in the Janampalla Property located in the Huancavalica Province of Central Perú. Pacifica is focused on continuing exploration work that has indicated widespread, high-grade copper-gold mineralization hosted within Manto style veins and disseminations.

 

Posted August 28, 2025

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