Pinnacle Completes Successful Unbrokered Private Fundraising Round
Pinnacle Silver and Gold Corp. Closes Oversubscribed Private Placement, Secures Funding for El Potrero Project
Pinnacle Silver and Gold Corp. (TSXV: PNNS) has announced the successful closure of an oversubscribed non-brokered private placement on August 7, 2025. The private placement raised gross proceeds of $1,686,608 through the issuance of 28,110,134 units priced at $0.06 per unit.
Each unit consists of one common share and one-half share purchase warrant. The whole warrant is exercisable at $0.10 per share for a period of 24 months. Finder's fees of $20,622 in cash commission and 343,700 finder’s warrants exercisable at $0.10 for 24 months were included in the offering.
The net proceeds from the Offering will be used to advance the El Potrero gold-silver project in Durango, Mexico, and for general working capital. Pinnacle Silver and Gold Corp. has announced an interest in acquiring up to 100% ownership of the El Potrero project through a staged option, as per previous disclosures.
Although there is no explicit update in the most recent releases on project development or exploration activities, the successful financing indicates Pinnacle is well-positioned to fund further work on the El Potrero project. This aligns with their aim to advance the asset in Durango.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. The securities offered in the private placement are not registered under the United States Securities Act of 1933. Insiders subscribed for an aggregate of 3,108,333 units, making it a "related party transaction" under MI 61-101. All securities issued will be subject to a four-month hold period and TSX Venture Exchange approval.
For more information about Pinnacle Silver and Gold Corp., visit their website at www.pinnaclesilverandgold.com. The President and CEO can be contacted via email at [email protected], and the contact number is +1 (877) 271-5886 ext. 110.
This news release was provided by TheNewsWire via QuoteMedia. Each whole warrant is convertible into an additional share at an exercise price of $0.10 for a period of 24 months. Copyright for this news release is owned by TheNewswire (c) 2025.
Pinnacle Silver and Gold Corp. is focused on district-scale exploration for precious metals in the Americas.
- The successful funding obtained through the private placement will allow Pinnacle Silver and Gold Corp. to invest in advancing their El Potrero gold-silver project, aligning with their objective to explore precious metals in the Americas further.
- The recently secured funds, raised through investing in business ventures such as the private placement, will be pivotal in supporting Pinnacle Silver and Gold Corp.'s business growth by funding project advancements at El Potrero and supporting general working capital.
