New Pacific Metals (TSX: NUAG) (NYSE American: NEWP) announced it has entered into an agreement with a syndicate of underwriters for a bought deal offering of 9.9 million common shares at C$3.55 per share, generating gross proceeds of approximately C$35.1 million (US$25.1 million). The Company has granted the underwriters a 30-day over-allotment option to purchase up to 1.485 million additional shares. Silvercorp Metals Inc. (NYSE American: SVM; TSX: SVM) intends to participate by subscribing to 2,776,950 shares for roughly C$9.86 million (US$7.05 million), which would bring its ownership to about 28.05% of New Pacificโs outstanding shares, assuming no exercise of the over-allotment. Net proceeds will support exploration and development at the Carangas and Silver Sand projects, along with working capital and general corporate purposes. The offering is expected to close on or about Oct. 21, 2025, subject to customary regulatory approvals.
To view the full press release, visit https://ibn.fm/U4DtQ
About New Pacific
New Pacific is a Canadian exploration and development company with precious metal projects in Bolivia, including the Companyโs flagship project, the Silver Sand Silver Project, the Companyโs recently discovered Carangas Silver-Gold Project and the Companyโs third project, the Silverstrike Silver-Gold Project.
NOTE TO INVESTORS:โฏThe latest news and updates relating to NEWP are available in the companyโs newsroom atโฏhttp://ibn.fm/NEWP
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