Pinnacle Silver and Gold (PINN ) has closed a second and final tranche of the non-brokered private placement announced on 25 November 2025.
The company issued just under 11 million units at a price of C$0.14 per unit to raise C$1,528,169.
Each unit comprises one share and a one-half share purchase warrant exercisable at C$0.20.
The completion of this latest tranche takes the total raised in the overall offering to just under C$2.6 million.
The proceeds will be used to advance Pinnacle’s high-grade El Potrero gold-silver project in Durango, Mexico, for project evaluations, and for general working capital.
El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines. The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.
View from Vox
It’s a good time to complete the process of getting cashed up, as a significant degree of volatility has now entered the precious metals markets after a sustained period of price rises. Pinnacle can now zero in on drilling at El Potrero, both from underground and, eventually, from surface. The upside is considerable, the grades are good and the location is propitious. So lots for new and existing shareholders to look forward to.