Guanajuato Silver Company Ltd. announced a non-brokered private placement of 15,000,000 units at an issue price of CAD 0.55 per unit for gross proceeds of CAD 8,250,000 on November 18, 2021. Each unit consists of one common share and one-half of a share purchase warrant, each whole warrant exercisable to purchase one common share at CAD 0.75 per unit for 2 years after closing. The transaction will include participation from returning investor Endeavour Silver Corp.

for 5,750,000 units for gross proceeds of CAD 3,162,500 and will hold 12.63% stake in the company and from new investor Ocean Partners Holdings Limited for 1,000,000 units for gross proceeds of CAD 550,000. The company may pay finder's fees in the transaction. All securities issued in the transaction have a hold period of four month.