Pinnacle Closes Oversubscribed Non-Brokered Private Placement
(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA, August 7, 2025 – TheNewswire- (TSXV:PINN, OTC: PSGCF, Frankfurt: P9J) – Pinnacle Silver and GoldCorp. ("Pinnacle" or the“Company") is pleased to announce that,further to Company news releases of July 14 and 25, 2025, it hasclosed its non-brokered private placement to raise gross proceeds of$1,686,608 (the “Offering”). Due to strong investor demand, theOffering was oversubscribed and now consists of 28,110,134 units (the"Units"), with each Unit, priced at $0.06, comprising onecommon share (“Share”) in the capital of the Company and one-halfshare purchase warrant ("Warrant"). Each whole Warrantshall be convertible into an additional Share at an exercise price of$0.10 for a period of 24 months from the date of issuance. Finder’s fees consisting of $20,622 in cash commission and 343,700non-transferable finder’s warrants were paid in connection with theoffering. Each finder's warrant entitles the holder to acquire onecommon share at $0.10 cents per share over a 24-month period.
The net proceeds raised from the Offering will be usedto advance the high-grade El Potrero gold-silver project in Durango,Mexico, and for general working capital.
All securities to be issued will be subject to afour-month hold period from the date of issuance and subject to TSXVenture Exchange approval. The securities offered have not beenregistered under the UnitedStates Securities Act of 1933, as amended, andmay not be offered or sold in the United States absent registration oran applicable exemption from the registration requirements.
Insiders subscribed for an aggregate of 3,108,333 Unitsfor a total of $186,500. As insiders of Pinnacle participated in thefinancing, it is deemed to be a “related party transaction” withinthe meaning of Multilateral Instrument 61-101 Protection of MinoritySecurity Holders in Special Transactions (“MI 61- 101”). Pinnacle is relying on the exemptions from the formal valuation andminority approval requirements contained in Sections 5.5(a) and5.7(1)(a) of MI 61-101, on the basis that the fair market value of thetransaction does not exceed 25% of the Company’s marketcapitalization. The Company will be filing a material change reportin respect of the related party transaction on SEDAR.
About Pinnacle Silver and Gold Corp.
Pinnacle is focused on district-scale exploration for precious metals in the Americas. The
high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt
hosts an underexplored low-sulphidation epithermal vein system and
provides the potential for near-term production. In the prolific Red Lake District of northwestern Ontario, the Company owns
a 100% interest in the past-producing, high-grade Argosy Gold Mine
and the adjacent North Birch Project
with an eight-kilometre-long target horizon. With a
seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is
committed to
building long-term, sustainable value for shareholders.
Signed: “Robert A. Archer”
President & CEO
For
further information contact:
Email: info@pinnaclesilverandgold.com
Tel.: +1 (877) 271-5886 ext. 110
Website: www.pinnaclesilverandgold.com
Neither the TSXVenture Exchange nor the Investment Industry Regulatory Organizationof Canada accepts responsibility for the adequacy or accuracy of thisrelease.
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