On April 14, 2025, 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 for gross proceeds of approximately C$15 million with a syndicate of underwriters led by Stifel Canada and Desjardins Capital Markets, and including BMO Capital Markets, SCP Resource Finance LP, Ventum Financial Corp., and Canaccord Genuity Corp.
Silver Tiger issued an aggregate of 45,455,000 common shares at a price of C$0.33 per share. The proceeds are anticipated to be used to fund exploration and development expenditures at the Company's El Tigre Project in Mexico, as well as for working capital and general corporate purposes.
Fasken advised Silver Tiger with a team led by Bradley Freelan and including Nazish Mirza, Rohat Jumani (Capital Markets and M&A); and Madeleine MacLean (Articling Student) and Karan Bateriwala (Articling Student).
Jurisdiction
- Ontario
