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To: Goose94 who wrote (156661)	7/20/2023 6:43:00 PM
From: Goose94	Read Replies (1) \| Respond to of 202136

Guanajuato Silver Co. (GSVR-V) Announces Cdn$8 Million "Bought Deal" Private Placement Of Units July 20, '23 - NR Guanajuato Silver Company Ltd. has entered into an agreement with Cantor Fitzgerald Canada Corp. to act as sole underwriter, pursuant to which the underwriter has agreed to purchase, on a bought deal private placement basis, 22.25 million units of the corporation at a price of 36 cents per unit for gross proceeds of $8.01-million. James Anderson, chairman and chief executive officer, said: "Over the last 2-1/2 years, Guanajuato Silver has purchased four Mexican silver mines as part of a strategy to grow our business through acquisitions. We are confident in our ability to identify and acquire additional mining assets that would immediately prove accretive to our shareholders. We are therefore strengthening our balance sheet at a time when the challenging market environment has created what we believe are favourable conditions for the procurement of additional opportunities within Mexico's mining community." Each unit will consist of one common share of the corporation and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the corporation for 18 months from the closing of the offering at a price of 55 cents. The corporation shall grant the underwriter an option to purchase up to an additional 3,337,500 units at the offering price for additional gross proceeds of up to $1,201,500 exercisable at any time up to 48 hours prior to the closing of the offering. The corporation shall pay to the underwriter a cash commission equal to 6.0 per cent of the gross proceeds of the offering and 6.0 per cent in broker warrants based on the number of units sold in the offering. The net proceeds from the offering will be used for working capital and general corporate purposes. It is anticipated that closing of the offering will occur on or about Aug. 10, 2023, or such other date or dates as the corporation and the underwriter may agree. The offering is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the offering will have a hold period of four months and one day from the applicable closing date in accordance with applicable securities laws. To the extent that any directors and/or officers of Guanajuato participate in the offering, such participation will constitute a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company expects any participation by directors and/or officers in the offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on the fact that neither the fair market value of the units subscribed for by the insiders, nor the consideration for the units to be paid by the insiders will exceed 25 per cent of the company's market capitalization. About Guanajuato Silver Company Ltd. Guanajuato is a precious metal producer engaged in reactivating past-producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from El Cubo mine complex, the Valenciana mine complex and the San Ignacio mine. All three mines are located within the state of Guanajuato, which has an established 480-year mining history. Additionally, the company produces silver, gold, lead and zinc concentrates from the Topia mine in northwestern Durango. With four operating mines and three processing facilities, Guanajuato is one of the fastest-growing silver producers in Mexico. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding Guanajuato Silver Company Ltd., please contact: JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433 E: jjj@GSilver.com Gsilver.com