08:39 AM EDT, 09/15/2025 (MT Newswires) -- Silver Tiger Metals ( SLVTF ) said Monday it entered into a bought deal financing of units with some underwriters for $25 million.

The offering consists of the issuance of 34.8-million common shares at $0.72 each. The company will grant the underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the offering, expected on or about Oct. 7, to buy up to an additional 15% of the offering.

An additional $3.8 million will be raised pursuant to the offering if the option is exercised in full, taking total proceeds of the offering to about $28.8 million. Proceeds will be used to fund exploration expenditures at its El Tigre Project in Mexico, and for working capital and general corporate needs.

Shares of the company closed unchanged at $0.79 on the TSX Venture Exchange Friday.