01:39 PM EDT, 09/03/2025 (MT Newswires) -- IMPACT Silver ( ISVLF ) was last seen down 13% on Wednesday after it upsized a bought-deal private placement to about $13 million, up from its prior $8 million target.

The company will now sell an underwriting syndicate 36.1-million units of the company, with each priced at $0.36 and made up of a share and a two-year warrant to buy a share for $0.45.

The company also granted the underwriters an 8.3-million unit over-allotment option, exercisable up to 48 hours prior to the closing date, expected on Sept. 17.

Proceeds will be used to expand mining operations at its Guadalupe Production Centre in the states of Mexico and Guerrero, and at its Plomosas zinc-silver-lead mine and production centre in the state of Chihuahua, Mexico. Proceeds will also be used for general working capital and corporate needs.

Shares of the company were last seen down $0.05 at $0.33 on the TSX Venture Exchange.

Price: 0.33, Change: -0.05, Percent Change: -12.37