Blende Silver closes $2,672,500 private placement

Blende Silver Closes $2,672,500 Private Placement Over Subscribed

(TheNewswire)

  

October 9, 2026 – TheNewswire - Vancouver, Canada - Blende Silver Corp. (the “Company”) (TSX.V: BAG) (OTC: BAGGF) (WKN: A2QKT9) (FSE: BCW1) announces it has closed its non-brokered private placement announced August 20, 2026. The gross proceeds from the private placement total $2,672,500. Tranche two raised a total of $1,530,000, with $1,250,000 from the issuance of 5,000,000 Flow-Through units at a price of $0.25 and $280,000 from the issuance of 1,400,000 Non Flow-Through units at a price of $0.20. All units consist of one common share and one share purchase warrant exercisable at $0.30 per share to October 13, 2028. All warrants are Non-Flow-Through.  The proceeds from the private placement will be used to advance the Blende property and for general working capital. All securities will be subject to a four-month and one day hold period expiring February 14, 2027.

 

Insider participation by directors, officers and a pre-existing 10% holder for a total of $629,500 in tranche two constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Units acquired by the insider, nor the consideration for the units paid by such insider, exceed 25% of the Company’s market capitalization.

 

Total finder’s fees for the private placement are $163,100 and 702,800 finder warrants. Finder warrants are non-transferable. Details by tranche are shown below.

 

Further to the tranche one disclosure in the September 17 news release, the recipient details for the $75,600 and 352,800 warrants paid to arms length finders follow:

Finder Name	Cash paid	Warrants issued
Haywood Securities Inc.	$   700