SILVER TIGER METALS INC. ("SLVR")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: February 27, 2023
TSX Venture Tier 2 Company
Effective February 22, 2023, the Company's Short Form Prospectus dated February 21, 2023 was filed with and accepted by TSX Venture Exchange (the "Exchange") and filed with and receipted by the Nova Scotia Securities Commission and the securities regulatory authorities of the British-Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Prince Edward Island and Newfoundland and Labrador Securities Commissions pursuant to the provisions of the respective Securities Act.
Offering: The Offering consisted of 58,100,000 common shares (the "Common Shares") at a price of $0.31 per Common Share.
Offering Price: $0.31 per Common Share
Underwriters: BMO Nesbitt Burns Inc., Desjardins Securities Inc., PI Financial Corp., Sprott Capital Partners LP, Echelon Wealth Partners Inc., and Eight Capital
Underwriter's Commission: The Underwriters received cash commission equal to 6% of the gross proceeds from the sale of the Common Shares.
Over-Allotment Option: The Underwriters were granted an over-allotment option, exercisable for a period of 30 days following the closing date, to purchase an additional number of Common Shares equal to 15% of the number of Common Share sold pursuant to the Offering.
For further information, please refer to the Company's Prospectus dated February 21, 2023.
The Exchange has been advised that closing occurred on February 24, 2023 and that a total of 58,100,000 Common Shares have been issued at a price of $0.31 per Common Shares pursuant to the closing of the Offering for aggregate gross proceeds of $18,011,000. At this point in time, the over-allotment option has not been exercised.
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