21 Oct 2025capital raising announcement● NeutralMajor
Closed a C$40.4 million bought deal of 11,385,000 shares at C$3.55, including the full over-allotment. Proceeds are for exploration and development at Carangas and Silver Sand, plus working capital; Silvercorp took 3,083,536 shares and Pan American 1,263,416.
What it means for a shareholder
11.4m new shares at C$3.55 to raise about C$40.4m. That's 6.2% dilution: every existing holder's slice gets 6.2% smaller. If you held C$1,000 of shares (282 at the issue price), your slice goes from 0.000164% to 0.000154% of the company. To keep it you'd need 19 more shares - about C$67 at the issue price.
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