Zacatecas Silver closed the second tranche of a non-brokered placement at C$0.07 per unit, bringing total gross proceeds to C$2.5 million for drilling at Oso Negro and exploration across six Mexican projects.
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Zacatecas Silver Corp. (TSXV: ZAC | OTCQB: ZCTSF | FRA: 7TV) raised gross proceeds of C$2.5 million through a two-tranche non-brokered private placement, the company said Friday. The second and final tranche closed at C$1.02 million through 14.64 million units priced at C$0.07 apiece.
Each unit consists of one common share and one warrant exercisable at C$0.09 for two years. The company retains the right to accelerate the warrant expiry to 30 days if the 20-day volume-weighted average trading price hits C$0.18 after the hold period expires.
Director Charles Hethey participated through a controlled corporation, taking 300,000 units in the second tranche. The subscription counts as a related-party transaction under Multilateral Instrument 61-101. Zacatecas exempted the deal from formal valuation and minority shareholder approval on the basis that Hethey's participation will not exceed 25% of the company's market capitalisation.
Finder warrants under the full offering totalled 1.02 million, with C$71,190 in cash fees paid. All securities carry a four-month-and-one-day hold period under Canadian securities law.
The funds will pay for the maiden drill program at the Oso Negro project in Sonora, where Phase Two rock-chip sampling and vein mapping recently wrapped. Additional proceeds go to exploration across the company's six-project Mexican portfolio and general working capital.
Zacatecas operates a multi-asset silver and gold explorer. The flagship Zacatecas Silver Project sits on 7,826 hectares within the Fresnillo silver belt, which has produced over 6.2 billion ounces of silver. A 2023 mineral resource estimate at the Panuco deposit pegged 3.41 million tonnes at 187 g/t silver-equivalent for 20.5 million ounces silver-equivalent. The property lies 25 km southeast of MAG Silver's Juanicipio Mine and Fresnillo PLC's Fresnillo Mine, bordering Defiance Silver and Endeavour Silver ground.
At Esperanza in Morelos state, a June 2026 resource estimate showed measured and indicated 45.4 million tonnes at 0.79 g/t gold-equivalent for 1.15 million ounces gold-equivalent, plus inferred 11.2 million tonnes at 0.57 g/t gold-equivalent for 208,000 ounces gold-equivalent.
The company holds four exploration properties. Oso Negro features multiple undrilled high-grade low-sulphidation epithermal veins across a 2 km strike. Cumaro sits on trend from Coeur Mining's El Picacho development. La Lola, a 1,183-hectare property, hosts the La Barra vein, a 5 km structure reaching 40 m in width. Ejutla in Oaxaca covers 10,603 hectares near the former Fortuna Silver San José Mine.
Chris Wilson, chief geologist and a director, reviewed and approved the technical information. Wilson is a Qualified Person under NI 43-101 and is not independent due to his roles.
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