Guanajuato Silver Secures C$18 Million in Financing

Guanajuato Silver Company Ltd., based in Vancouver, announced the successful closing of a C$18 million financing deal. This funding, obtained through a non-brokered Listed Issuer Financing Exemption private placement, aims at reinforcing the company's mining operations in Mexico.

The financing comprises 60 million units priced at C$0.30 each, consisting of one common share and half a warrant. Each warrant allows the purchase of an additional share at C$0.45 for 36 months. The proceeds will enhance mining equipment, modernize processing facilities, and support administrative expenses.

Medalist Capital Ltd. and Research Capital Corporation played crucial roles in securing the financing. Meanwhile, directors and officers of the company demonstrated continued support by contributing to the offering.