VANCOUVER, British Columbia, Jan. 16, 2026 (GLOBE NEWSWIRE) -- Pacifica Silver Corp. ("Pacifica" or the "Company") (CSE:PSIL) (OTCQB:PAGFF) is pleased to announce that, due to strong investor demand, it has amended its agreement with Raymond James Ltd., on behalf of a syndicate of agents, including Research Capital Corporation (collectively, the "Agents") to increase the size of its previously announced brokered private placement offering of common shares of the Company ("Common Shares") to raise gross proceeds of up to $$20,010,000 (the "Upsized Offering"), consisting of 13,800,000 Common Shares at a price of $1.45 per Common Share (the "Issue Price").
Under the terms of the Upsized Offering, the Company has agreed to grant the Agents an option (the "Agents' Option") to sell up to an additional 15% of the Upsized Offering in Common Shares at the Issue Price for additional gross proceeds to the Company of up to $3,001,500.
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 amended and restated 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 amended and restated offering document ...
