Defiance Silver raises C$3.27M in private placement

What's the deal? Defiance SilverDealroom has a profile for this one. Try Dealroom → has closed a non-brokered private placement, raising gross proceeds of C$3,267,800 (about $2.35 million). It issued 16,339,000 listed shares priced at 20 cents each, along with 8,169,500 warrants.

The terms: Each full warrant is exercisable at 35 cents per share over a two-year period. The company also issued 831,840 finders' warrants on the same terms.

The context: The financing sits at the smaller end of the funding spectrum, landing in roughly the 14th percentile by deal size. Non-brokered private placements like this are a common way for junior mining companies to raise capital without underwriting fees.

The signal: Modest, direct-to-investor raises remain a staple for exploration-stage silver companies seeking to extend their runway.

Read more: Stockwatch

Image credit: Ronald Douglas Frazier