Mr. Morgan Good reports
SILVER PONY ANNOUNCES STRATEGIC FLOW-THROUGH OFFERING
Silver Pony Resources Corp. has arranged a non-brokered private placement consisting of the issuance of up to 4,347,826 flow-through shares at a price of 23 cents per flow-through share for gross aggregate proceeds of up to $1-million. Subject to the receipt of all necessary regulatory and other approvals, the company anticipates closing of the offering will occur on or about Oct. 23, 2026.
Each flow-through share will constitute a flow-through share within the meaning of the Income Tax Act (Canada), and the gross proceeds of the offering will be used by the company for exploration advancements and various other exploration costs at the Silver Pony project in British Columbia, which are intended to qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures as such terms are defined in the tax act in connection with Silver Pony's project in British Columbia.
Finders' fees of up to 7 per cent in cash and 7 per cent in broker warrants may be payable in connection with the offering in accordance with the policies of the Canadian Securities Exchange. Each broker warrant will be exercisable into one common share of the company at an exercise price of 23 cents for a period of 24 months following the date of issuance.
All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45-102 (Resale of Securities).
The company has updated its website and investor materials.
About Silver Pony Resources Corp.
The company is an early-stage mineral resource exploration company engaged in the acquisition, exploration and evaluation of mineral properties. The company's material property is the exploration-stage Silver Pony project, comprising 37 contiguous mineral tenures totalling 37,022.88 hectares in southeastern British Columbia, within the Slocan mining district and the Revelstoke mining district.
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