Pinnacle Silver and Gold Corp. (TSXV: PINN, OTCQB: PSGCF, Frankfurt: P9J) has closed the second and final tranche of its non-brokered private placement, bringing total gross proceeds to $1,652,654. The offering, first announced on July 17, 2026, will fund advancement of the high-grade El Potrero gold-silver project in Durango, Mexico. The completion of this financing may be of interest to investors tracking the company's near-term project development ambitions.

Key Points

  • Pinnacle Silver and Gold Corp. (TSXV: PINN, OTCQB: PSGCF, Frankfurt: P9J)
  • Second and final tranche closed, issuing 9,096,132 units at $0.11 per unit for gross proceeds of $1,000,575
  • Total offering comprised 15,024,132 units; warrants exercisable at $0.16 per share for 24 months from issuance
  • Investors may watch for TSX Venture Exchange approval and progress updates on the El Potrero project in Mexico

Final Tranche Terms and Total Offering Size

The second and final tranche of the non-brokered private placement saw Pinnacle issue 9,096,132 units at $0.11 per unit, generating gross proceeds of $1,000,575. Combined with the first tranche, the full offering totalled 15,024,132 units and $1,652,654 in gross proceeds. Each unit comprises one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.16 for 24 months from issuance. All securities are subject to a four-month hold period and remain subject to TSX Venture Exchange approval.

Finders' Fees and Insider Participation Disclosure

In connection with the whole offering, the company paid finders' fees of $7,524 in cash and issued 68,400 non-transferable finders' warrants, each exercisable at $0.16 per share for 24 months. Insiders participated in the first tranche, subscribing for 1,650,000 units for gross proceeds of $181,500. The company states it qualifies for exemptions under Multilateral Instrument 61-101, as neither the fair market value of the securities issued nor the consideration paid exceeds 25 per cent of the company's market capitalisation, removing the need for a formal evaluation or minority shareholder approval.

El Potrero Gold-Silver Project: Use of Proceeds and Strategic Context

Net proceeds from the offering will be directed toward advancing the El Potrero gold-silver project in Durango, Mexico, project evaluations, and general working capital. El Potrero is located within the Sierra Madre Occidental and lies within 35 kilometres of four operating mines. The property hosts high-grade gold-silver mineralisation in a low-sulphidation epithermal breccia vein system and has never been systematically explored by modern methods. A previously operational 100-tonne-per-day plant on site may be refurbished at relatively low cost to support near-term production once permits are in place.