$996,360 Private Placement Completed
Victoria, November 18, 2025 - Silver Grail Resources Ltd. ("Silver Grail" or "the Company") ("SVG"-TSX-V) announces that it has completed a non-brokered private placement of 4,332,000 Units at $0.23 per Unit, each Unit consisting of a share and a warrant entitling the subscriber to purchase (with a full warrant) another share at a price of $0.33 for two years from closing. All securities issued pursuant to the private placement are subject to a statutory four-month hold period. The private placement was conditionally approved by the TSX-V on November 12, 2025 subject to satisfactory closing. There are no finder's fees or other commissions associated with the transaction. The proceeds of the financing will be used to explore the Company's properties in the Golden Triangle region of northwestern British Columbia and for general working capital. Mr. Eric Sprott through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 2,500,000 Units for total consideration of $575,000.
Prior to the Private Placement, Mr. Sprott beneficially owned or controlled 2,500,000 common shares of the Company representing approximately 6.4% of the outstanding common shares of the Company on a non-diluted basis.
As a result of the Private Placement, Mr. Sprott now beneficially owns or controls 5,000,000 common shares and 2,500,000 common share purchase warrants of the Company representing approximately 11.4% on a non-diluted basis and 16.2% on a fully diluted basis assuming the exercise of such Warrants.
The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
A copy of the early warning report with respect to the foregoing will appear on Silver Grail's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto Ontario M5C 3C5).
Barry Holmes, Director of Silver Grail, acquired 300,000 units of the private placement for total consideration of $69,000.
Mr. Sprott and Mr. Holmes are both insiders of the company and as such, their participation in connection with the private placement is a related-party transaction under the policies of the TSX Venture Exchange and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the shares to be purchased on behalf of Mr. Sprott and Mr. Holmes, nor the consideration to be paid by them exceeds 25 per cent of the company's market capitalization.
About Silver Grail
Silver Grail Resources Ltd. is a junior exploration company with a large portfolio of properties in the southern portion of the Golden Triangle region of British Columbia. Its legacy properties, some more than thirty years old, form large islands within the extensive claim holdings of Goliath Resources in this region. During the 2025 field season, Silver Grail participated in a drill program on its Ram property, jointly owned with Teuton Resources Corp. Complete results from the drill program are expected before the end of 2025.
ON BEHALF OF THE BOARD OF DIRECTORS OF SILVER GRAIL RESOURCES LTD.
"Dino Cremonese"
Dino Cremonese, P. Eng.,
President and Chief Executive Officer
For further information, please visit the Company's website at www.silvergrail.com or contact:
Barry Holmes
Director Corporate Development and Communications
Tel. 778-430-5680
Email: bholmesmba@gmail.com
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.
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
