Highlights:
- Capitan raises an additional C$6.6M in cash through the early exercise of all its outstanding warrants
- A total of 13,250,000 warrants have been exercised at a strike of C$0.50
- Capitan's Top 3 shareholders accounted for over 78% of the warrants
- Capitan has zero warrants outstanding and is fully funded for 2025
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2025) - Capitan Silver Corp. (TSXV: CAPT) ("Capitan" or the "Company") is pleased to announce that 13,250,000 share purchase warrants (the "Warrants"), with an exercise price of C$0.50, have been fully exercised, generating C$6.6M in cash. The Warrants were issued as part of a previously completed financing in February 2025 that was led by the Jupiter Silver & Gold Fund, which saw Capitan raise C$5.3M in a unit deal priced at a 31% premium to market (See Press Release dated February 24, 2025). The Warrants issued in this transaction were subject to an acceleration clause.
In accordance with the terms of the Warrants, Capitan issued a written Acceleration Notice to warrant holders to accelerate the exercise of the Warrants following: (1) the June 9, 2025 announcement of a signed Letter of Intent to acquire a strategic land package consolidating the Cruz de Plata Silver-Gold Project in Durango, Mexico; and (2) the Company's closing share price of $0.93 on the TSX-V on June 12, 2025.
The Jupiter Silver & Gold Fund, Michael Gentile, CFA and Construplan accounted for over 78% of the February 2025 financing. With the exercise of the warrants, Capitan's largest shareholders ownership is as follows:
- Jupiter Silver & Gold Fund - 15.35%
- Michael Gentile, CFA - 12.89%
- Construplan - 9.92%
About Capitan Silver Corp.
Capitan Silver (TSXV: CAPT) is a Canadian exploration company focused on advancing its Cruz de Plata silver gold project located in Durango, Mexico. The Company is led by a management team that has successfully advanced and developed several precious-metal operations in Mexico over the past 16 years.
More information for the Company can be found at www.capitansilver.com.
ON BEHALF OF CAPITAN SILVER CORP.
"Alberto Orozco"
Alberto Orozco, CEO
For additional information contact:
Alberto Orozco
CEO
Capitan Silver Corp.
This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (788) 327-6671
www.capitansilver.com
IR Team
Capitan Silver Corp.
This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (778) 327-6671
www.capitansilver.com
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., "expect", "estimates", "intends", "anticipates", "believes", "plans"). Such information involves known and unknown risks -- including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Capitan in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
