VANCOUVER, British Columbia, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Pacifica Silver Corp. ("Pacifica" or the "Company") (CSE:PISL) (OTCQB:PAGFF) is pleased to announce that it has entered into an agreement with Raymond James Ltd., as sole bookrunner and lead agent, on behalf of a syndicate of agents (collectively, the "Agents"), in connection with a brokered private placement offering (the "Offering") of 6,900,000 common shares of the Company (the "Common Shares") at a price of $1.45 per Common Share (the "Offering Price") for aggregate gross proceeds to the Company of up to $10,005,000.
The Company has agreed to grant the Agents an option, exercisable, in part or in whole at the Agents' sole discretion, up to 48 hours prior to the Closing Date (as defined below), to offer for sale up to an additional 1,035,000 Common Shares which is equal to 15% of the Common Shares comprising the Offering at the Offering Price.
The net proceeds of the Offering will be used to advance exploration and drilling activity at the Company's Claudia Project (the "Project"), located in Durango, Mexico, and for working capital and general corporate purposes.
The Common Shares issued under the Offering will be issued and sold to eligible purchasers pursuant to the 'listed issuer financing exemption' under Part 5A of National Instrument 45-106, Prospectus Exemptions as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "LIFE Exemption"), will be issued to purchasers in each of the provinces of Canada, except Québec, and other qualifying jurisdictions, including the United States on a private placement basis pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). The Common Shares to be issued and sold under the Offering will not be subject to resale restrictions pursuant to applicable Canadian securities laws.
There is an offering document related to the Offering that can be accessed under the Company's issuer profile at www.sedarplus.ca and on the Company's website at www.pacificasilver.com. Prospective investors should read this offering document before ...
