Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

Pinnacle Closes Non-Brokered Private Placement and Associated Acquisition of El Potrero Option

by admin February 26, 2025
February 26, 2025
Pinnacle Closes Non-Brokered Private Placement and Associated Acquisition of El Potrero Option

(TheNewswire)

The Part-and-Parcel private placement was fully subscribed and raised gross proceeds of $800,000, subject to final TSXV approval. The placement consists of 20,000,000 units (the ‘Units’) at a price of $0.04 per Unit, with each Unit comprising one common share (‘Share’) in the capital of the Company and one-half share purchase warrant (‘Warrant’), whereby each whole Warrant shall be convertible into an additional Share at an exercise price of $0.06 for a period of 24 months from the date of issuance. No f inder’s fees were paid.

The net proceeds raised from the Financing will be used for exploration and development of the Potrero Project, payment of the back-taxes, and for working capital.

All securities to be issued will be subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval.  The securities offered have not been registered under the United States Securities Act of 1933 , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Insiders subscribed for an aggregate of 648,500 Units for a total of $25,940.  As insiders of Pinnacle participated in the financing, it is deemed to be a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (‘MI 61- 101’).  Pinnacle is relying on the exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the transaction does not exceed 25% of the Company’s market capitalization.  The Company will be filing a material change report in respect of the related party transaction on SEDAR.

Subject to final TSXV approval, it is anticipated that the Company’s share will resume trading effective at the open on February 28, 2025.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on district-scale exploration for precious metals in the Americas.  The addition of the high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt will complement the Company’s project portfolio and provide the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Placement of Shortfall and Cleansing Notice
next post
First Nation Sues McEwen Mining Over Alleged Breach of Impact Benefit Agreement

Related Posts

Significant Enlargement of Exploration Program

September 15, 2025

Randy Smallwood: Silver Set for Bull Run, Gold...

June 26, 2025

Platinum Price Forecast: Top Trends for Platinum in...

January 24, 2025

Sun Summit Commences Drilling and Provides Exploration Update...

July 15, 2025

Top 4 Canadian Biotech Stocks (Updated January 2025)

January 15, 2025

Silver Price Surges to US$37, Highest Value Since...

June 18, 2025

StrategX Announces Executive Change

April 2, 2025

Brightstar Completes Montague East Acquisition with BTR Group...

October 2, 2024

A Look at Historical Copper Prices (Updated 2024)

June 29, 2024

Nuvau Minerals Inc. Announces Grant of Options

May 30, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • JOSH HAMMER: Trial lawyer lawfare vs. Trump’s policy revolution

      September 21, 2025
    • Kamala Harris reveals what Biden told her just before crucial debate with Trump that left her ‘angry’

      September 21, 2025
    • MIKE DAVIS: Trump’s latest pick to reform the federal judiciary is another home run

      September 21, 2025
    • Trump caps UK trip with $350B tech pact, heads to Arizona for Kirk’s memorial service

      September 21, 2025
    • How AI browsers open the door to new scams

      September 21, 2025

    Categories

    • Business (1,107)
    • Investing (3,081)
    • Politics (3,763)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved