Pinnacle Closes Non-Brokered Private Placement and Associated Acquisition of El Potrero Option

Pinnacle Closes Non-Brokered Private Placement and Associated Acquisition of El Potrero Option

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA, February 25, 2025 TheNewswire - (TSXV: PINN, OTC: NRGOF, Frankfurt: X6C) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") announces that, further to the Company's news releases dated October 28, 2024, December 10, 2024, January 29, 2025 and February 24, 2025, it has closed its non-brokered private placement and the associated staged option to acquire up to a 100% interest in the Potrero property in Durango, Mexico (the "Acquisition").  For more information on the Acquisition, please refer to the Company's news release of February 24, 2025.

The Part-and-Parcel private placement was fully subscribed and raised gross proceeds of $800,000, subject to final TSXV approval. The placement consists of 20,000,000 units (the "Units") at a price of $0.04 per Unit, with each Unit comprising one common share ("Share") in the capital of the Company and one-half share purchase warrant ("Warrant"), whereby each whole Warrant shall be convertible into an additional Share at an exercise price of $0.06 for a period of 24 months from the date of issuance. No f inder's fees were paid.

The net proceeds raised from the Financing will be used for exploration and development of the Potrero Project, payment of the back-taxes, and for working capital.

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.

Insiders subscribed for an aggregate of 648,500 Units for a total of $25,940.  As insiders of Pinnacle participated in the financing, it is deemed to be a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61- 101").  Pinnacle is relying on the exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the transaction does not exceed 25% of the Company's market capitalization.  The Company will be filing a material change report in respect of the related party transaction on SEDAR.

Subject to final TSXV approval, it is anticipated that the Company's share will resume trading effective at the open on February 28, 2025.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on district-scale exploration for precious metals in the Americas.  The addition of the high-grade Potrero gold-silver project in Mexico's Sierra Madre Belt will complement the Company's project portfolio and provide the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: "Robert A. Archer"

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

PINN:CC
Pinnacle Silver and Gold

Pinnacle Silver and Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Pinnacle Silver and Gold (TSXV:PINN)

Pinnacle Silver and Gold

District-scale silver-gold exploration and development in the Americas

District-scale silver-gold exploration and development in the Americas Keep Reading...
Pinnacle Receives Positive Results from Preliminary Metallurgical Tests at El Potrero with Average of 95.09% Gold Recovery

Pinnacle Receives Positive Results from Preliminary Metallurgical Tests at El Potrero with Average of 95.09% Gold Recovery

(TheNewswire) VANCOUVER, BRITISH COLUMBIA, October 28, 2025 TheNewswire - (TSXV: PINN,OTC:NRGOF, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce positive results from the preliminary scoping metallurgical tests for the... Keep Reading...
Pinnacle Strengthens Mexican Management Team

Pinnacle Strengthens Mexican Management Team

(TheNewswire) VANCOUVER, BRITISH COLUMBIA, October 21, 2025 TheNewswire - (TSXV: PINN,OTC:NRGOF, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce the appointment of Carlos Castro Villalobos as Project Manager for the high-grade... Keep Reading...
Pinnacle Delineates New Vein at El Potrero as Robust Epithermal System Takes Shape

Pinnacle Delineates New Vein at El Potrero as Robust Epithermal System Takes Shape

(TheNewswire) VANCOUVER, BRITISH COLUMBIA, September 24, 2025 TheNewswire - (TSXV: PINN,OTC:NRGOF, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that continuing surface mapping and sampling, in conjunction with the previously... Keep Reading...
Pinnacle Defines High-Grade Gold-Silver Mineralization in Dos de Mayo Mine at El Potrero

Pinnacle Defines High-Grade Gold-Silver Mineralization in Dos de Mayo Mine at El Potrero

(TheNewswire) VANCOUVER, BRITISH COLUMBIA TheNewswire - September 09, 2025 (TSXV: PINN,OTC:NRGOF, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that systematic underground channel sampling in the historic Dos de Mayo mine at... Keep Reading...
Pinnacle Closes Oversubscribed Non-Brokered Private Placement

Pinnacle Closes Oversubscribed Non-Brokered Private Placement

(TheNewswire) VANCOUVER, BRITISH COLUMBIA, August 7, 2025 TheNewswire - (TSXV: PINN,OTC:NRGOF, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that, further to Company news releases of July 14 and 25, 2025, it has closed its... Keep Reading...
Providence Gold Mines Inc. Acquires Additional Land Position at the La Dama de Oro Gold

Providence Gold Mines Inc. Acquires Additional Land Position at the La Dama de Oro Gold

(TheNewswire) VANCOUVER TheNewswire - October 28, 2025 - Providence Gold Mines Inc. ("Providence" or the "Company ) (TSXV: PHD,OTC:PRRVF) (OTC-PINKS: PRRVF) is very pleased to announce that the Company has staked an additional 100 aces of BLM land are contiguous and parallel to the existing La... Keep Reading...
1911 Gold Strengthens Operations Leadership with Appointment of Éric Vinet as COO and Additional Senior Site Personnel

1911 Gold Strengthens Operations Leadership with Appointment of Éric Vinet as COO and Additional Senior Site Personnel

1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB; OTCQB: AUMBF; FRA: 2KY) is pleased to announce the appointment of Éric Vinet as Chief Operating Officer (COO), effective December 1, 2025. The Company has also made several key site-level appointments to further strengthen its... Keep Reading...
Quarterly Activities Report and Appendix 5B

Quarterly Activities Report and Appendix 5B

Locksley Resources (LKY:AU) has announced Quarterly Activities Report and Appendix 5BDownload the PDF here. Keep Reading...
Key Appointments to Advance Mandilla Gold Project

Key Appointments to Advance Mandilla Gold Project

Astral Resources (AAR:AU) has announced Key Appointments to Advance Mandilla Gold ProjectDownload the PDF here. Keep Reading...
Notice of Annual General Meeting/Proxy Form

Notice of Annual General Meeting/Proxy Form

Horizon Minerals (HRZ:AU) has announced Notice of Annual General Meeting/Proxy FormDownload the PDF here. Keep Reading...
Walker Lane Resources Ltd. Announces An Aeromagnetic and Radiometric Airborne Survey will be Completed on its Tule Canyon Project, Walker Lane Gold Trend, Nevada

Walker Lane Resources Ltd. Announces An Aeromagnetic and Radiometric Airborne Survey will be Completed on its Tule Canyon Project, Walker Lane Gold Trend, Nevada

TSX-V: WLRFrankfurt: 6YL Walker Lane Resources Ltd. (TSXV: WLR,OTC:CMCXF) (Frankfurt: 6YL); "Walker Lane") is pleased to announce that Precision Geosurveys Inc. has been contracted to complete an airborne total magnetic field and radiometric survey on its Tule canyon Project located in the... Keep Reading...
Pinnacle Silver and Gold

Pinnacle Silver and Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News