BP Silver Raises C$9.38 Million as Private Placement Nears Completion

BP Silver Corp. ( (TSE:BPAG) ) has shared an announcement.

BP Silver Corp. has closed the second tranche of its non‑brokered private placement, raising C$825,067 and bringing total gross proceeds to C$9.38 million after the offering was upsized on strong investor demand. The financing included units priced at C$1.00 with half‑warrants exercisable at C$1.30, and remains subject to final TSX Venture Exchange acceptance.

The company plans to use the proceeds to fund geophysical work and a Phase II drill program at its Cosuño Silver Project in Bolivia, as well as potential exploration at its Titiri project and general working capital. BP Silver also paid finder’s fees and issued finder’s warrants in connection with the second tranche and expects to complete a third and final tranche of the placement, highlighting ongoing investor interest in its Bolivian silver exploration strategy.

More about BP Silver Corp.

BP Silver Corp. is a Canadian mineral exploration company focused on advancing high‑grade silver projects in Bolivia. Its flagship Cosuño Silver Project lies in the prolific Bolivian silver belt, where the company is pursuing a disciplined exploration strategy to unlock value through the discovery and development of major silver deposits.

Average Trading Volume: 200,662

Technical Sentiment Signal: Buy

Current Market Cap: C$49.79M

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