Highlander Silver Announces C$75 Million Bought Deal Public Offering of Common Shares
Summary
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTHE SHELF PROSPECTUS SUPPLEMENT, THE CORRESPONDING BASE SHELF PROSPECTUS AND ANY AMENDMENT TO THE DOCUMENTS ARE ACCESSIBLE THROUGH SEDAR+ OR WILL BE ACCESSIBLE THROUGH SEDAR+ WITHIN 2 BUSINESS DAYS, AS APPLICABLE.TORONTO, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Highlander Silver Corp. (TSX:HSLV) (Highlander or the Company) is pleased to announce that it has entered into an agreement with National Bank Financial Inc. (NBF) as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the Underwriters) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 20,000,000 common shares of the Company (the Common Shares) at a price of C$3.75 per Common Share (the Offering Price) for aggregate gross proceeds of C$75,000,000 (the Offering).The Company has granted the Underwriters an option, exercisable in whole or in part, at any time on or prior to the 30th day following the Closing Date (as defined below), at the sole discretion of the Underwriters, to purchase up to an additional 15% of the number of Common Shares purchased pursuant to the Offering at the Offering Price (the Over-Allotment Option) to cover over-allotments, if any, and for market stabilization purposes.The net proceeds from the Offering will be used to fund the advancement of exploration and development activities, project studies and permitting at the Companys San Luis gold-silver project in Peru, as well as for property investigation and acquisition activities and for working capital and general corporate purposes.The Offering is expected to close on or about September 29, 2025 (the Closing Date), or such other date as the Company and the Underwriters may agree, and is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the Toronto Stock Exchange.The Common Shares will be offered publicly in all provinces and territories of Canada, except Quebec, by way of a prospectus supplement (the Prospectus Supplement) to the Companys short form base shelf prospectus dated April 10, 2025 (the Base Shelf Prospectus) and may be offered on a private placement basis to qualified institutional buyers in the U.S. in accordance with Rule 144A, and may be distributed outside Canada and the United States on a basis which does not require the qualification or registration of any of the Companys securities under domestic or foreign securities laws and would not result in the Company having any reporting or other obligation in such jurisdiction.Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendment to such documents is provided in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. An electronic or paper copy of the Prospectus Supplement, Base Shelf Prospectus, and any amendment to such documents may be obtained, without charge, from National Bank Financial Inc., by phone at (416) 869-8414 or by e-mail at NBFSyndication@bnc.ca by providing the contact with an email address or address, as applicable.The Common Shares have not been and will not be registered under the U.S. Securities Act, and accordingly will not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a United States person, except pursuant to applicable exemptions from the registration requirements.Highlander Silver is primarily focused on advancing the bonanza grade San Luis gold-silver project that is located adjacent to the past-producing Pierina mine in Central Peru. San Luis hosts Indicated Mineral Resources of 356 koz Au at 24.4 g/t Au and 8.4 Moz Ag at 579 g/t Ag and ranks among the 10 highest grade projects globally in both gold and silver categories.1 The Companys significant shareholders include the Augusta Group, which boasts an exceptional track record of value creation totaling over $4.5 billion in exit transactions, and strategic shareholders, the Lundin family and Eric Sprott.The mineral resource estimate disclosed herein is derived from Highlander Silvers technical report titled Technical Report on the San Luis Property with an effective date of January 15, 2025, prepared by independent qualified person, Martin Mount, MSc MCSM FGS CGeol FIMMM Ceng, and available on SEDAR+ at www.sedarplus.ca.For further information, please contact:Certain information contained in this news release constitutes forward-looking information under Canadian securities legislation. Such factors include, among others, general business, economic, competitive, political and social uncertainties, the actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of precious and base metals, accident, labour disputes and other risks of the mining industry, and delays in obtaining governmental or stock exchange approvals or financing. The Company undertakes no obligation to update forward-looking information if circumstances or managements estimates or opinions should change, except as required by applicable securities laws.