02:53 PM EDT, 09/16/2025 (MT Newswires) -- Silver47 Exploration ( AAGAF ) on Tuesday said it closed its previously announced brokered private placement of units at $0.70 apiece for gross proceeds of near $23 million, including full exercise of the over-allotment option.

A statement noted each unit is comprised of one common share and one-half of one common share purchase warrant, where each warrant is exercisable to buy a share for $1.00 until Sept. 16, 2028.

The company said proceeds of the offering will be used for further exploration work on its projects and for general working capital needs.

Shares of the company were last seen down 2/6% at $0.74 on the TSX Venture Exchange.

Price: 0.74, Change: -0.02, Percent Change: -2.63