Zacatecas Silver closes first tranche of private placement for $2.3M

Zacatecas Silver Corp. (TSXV: ZAC; OTC: ZCTSF) closed the first tranche of its private placement financing by issuing 38,449,335 units at $0.06 per unit for gross proceeds of $2,306,960, according to a company statement. The company expects to complete the final tranche by September 29, 2025.

Each unit consists of one common share and one warrant exercisable at $0.10 per share for two years from the issue date. The company retains the right to accelerate the warrant expiry date if shares trade at or above $0.20 for 20 consecutive trading days on the principal exchange.

The company paid finders fees of $113,297.19 and issued 1,888,286 non-transferable finders warrants under the first tranche. Securities issued are subject to a four-month resale restriction from the issue date.

Eric Vanderleeuw, the company's CEO and director, participated through a holding corporation that subscribed for 500,000 units for $30,000. This constitutes a related party transaction under Multilateral Instrument 61-101, though the company expects to be exempt from formal valuation and minority shareholder approval requirements as the participation does not exceed 25% of the company's market capitalization.

Proceeds will fund a drilling campaign on the Zacatecas Silver Project, strategic initiatives and working capital. The offering remains subject to TSX Venture Exchange acceptance.

Zacatecas Silver operates two projects in Mexico: the Esperanza Gold Project in Morelos State and the Zacatecas Silver Project in Zacatecas State. The Zacatecas project spans 7,826 hectares within the Fresnillo silver belt and is located 25 kilometers southeast of MAG Silver Corp.'s Juanicipio Mine and Fresnillo PLC's Fresnillo Mine.

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