Highlander Silver Completes $86 Million Public Offering

Highlander Silver Corp. (TSX:HSLV) has successfully closed its previously announced bought deal public offering, raising C$86.25 million. The company sold 23,000,000 common shares at C$3.75 each. An option for underwriters to purchase an additional 2,330,000 shares is available, exercisable within 30 days.

The proceeds will fund exploration and development, including at the San Luis gold-silver project in Peru. Leading the underwriting syndicate was National Bank Financial Inc., supported by several additional firms. Notably, key shareholders like Augusta Capital participated, indicating strong investor confidence.

The transaction included the participation of insiders, considered a "related party transaction" under regulatory guidelines. The offering was conducted in Canada (excluding Quebec) and privately in the U.S.