Pinnacle Closes Second and Final Tranche of Private Placement
(TSXV: PINN, OTCQB: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. (” Pinnacle ” or the “ Company “) has closed a second and final tranche of the non-brokered private placement first announced on July 17, 2026 (the “Offering”), subject to TSX Venture Exchange approval. Pursuant to the closing of the second and final tranche of the Offering, the Company issued 9,096,132 units (the “Units”) at a price of $0.11 per Unit for gross proceeds of $1,000,575.00. With the completion of this tranche, the Offering comprised total gross proceeds of $1,652,654 and consisted of a total of 15,024,132 Units with each Unit comprising one common share (“Share”) in the capital of the Company and one-half share purchase warrant (“Warrant”). Each whole Warrant shall be convertible into an additional Share at an exercise price of $0.16 for a period of 24 months from the date of issuance.
Finders’ Fees consisting of $7,524.00 in cash commission and 68,400 non-transferable finders’ warrants were paid in connection with the whole Offering. Each finder’s warrant entitles the holder to acquire one common share at $0.16 cents per share over a 24-month period. The net proceeds raised from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango, Mexico, for project evaluations, and for general working capital.
Insiders of the Company participated in the first tranche, subscribing for a total of 1,650,000 units and gross proceeds of $181,500. The participation of the insiders in the Offering will constitute a related-party transaction for the purposes of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The Company is exempt from the requirements to obtain a formal evaluation or minority shareholder approval in connection with the insider participation in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the securities issued, nor the fair market value of the consideration for the securities issued will exceed 25 per cent of the company’s market capitalization as calculated in accordance with MI 61-101. All securities to be issued will be subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval. The securities offered have not been registered under the United States Securities Act of 1933 , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
About the Potrero Property
El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).
High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the…
