IMPACT Silver Increases Non-Brokered Private Placement Financing to $10.2 Million

IMPACT Silver Corp. Increases Private Placement Offering to $10.2 Million

Vancouver, British Columbia– IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) has announced an increase in its non-brokered private placement offering from $8.2 million to $10.2 million due to heightened investor interest. The first tranche of the offering, which closed recently, raised gross proceeds of $7.12 million.

The revised financing now includes the sale of 25,925,925 units at a price of $0.27 per unit, up from the initial proposal of $3,000,000 and 11,111,111 units. This increase follows an earlier upsize to $5,000,000 and 18,518,518 units. Additionally, the LIFE Offering of $3,200,000 remains unchanged, bringing the total size of the offering to $10,200,000.

Each Standard PP Unit consists of one common share and one full share purchase warrant, allowing the holder to acquire one common share at $0.34 per share for 24 months. The second and final tranche of the offering is set to close by the end of May 2024, subject to regulatory approvals.

IMPACT Silver Corp. is a successful producer-explorer with mining projects in Mexico, including the Royal Mines of Zacualpan Silver-Gold District and the Plomosas Zinc-Lead-Silver District. The company has a track record of developing exploration zones into commercial production and has produced over 12 million ounces of silver.

Investors are encouraged to review the Offering Document before making any investment decisions. The company’s decision to expand operations is based on internal data and reports, and there are inherent risks involved in mining and exploration activities.