VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 10, 2016) -
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
IMPACT Silver Corp. ("IMPACT" or the "Corporation") (TSX VENTURE:IPT) is pleased to announce that it has completed the
third tranche of the brokered private placement (the "Private Placement") announced on May 20, 2016. The third tranche
raised $1,375,011 by issue of 2,412,300 Units (each a "Unit") at a price of $0.57 per Unit. The Corporation also issued 88,000
Units directly to a purchaser, for gross proceeds of $50,160. To date, the Corporation has raised aggregate proceeds of
$4,751,235 by the issue of 8,335,500 Units. Each Unit consists of one common share and one-half of one warrant. Each
whole warrant (each a "Warrant") entitles the holder to purchase one common share (each a "Share") per Warrant at a price of
$0.90 per Share for a period of 36 months from the date of issuance.
In consideration of their services, the Corporation paid the syndicate of agents led by M Partners Inc. ("M Partners") and
including Clarus Securities Inc. (together with M Partners, the "Agents"), a commission of 5% on the value of Units issued via
the Agents on the Private Placement.
The net proceeds of the Offering will be used to fund the Corporation's continued exploration and development of its silver
assets in Mexico, and for general working capital purposes.
All of the securities issued today under the Private Placement were offered and sold pursuant to applicable exemptions from
the prospectus requirements under applicable securities laws. The securities issued today are subject to a hold period until
October 11, 2016, in accordance with applicable securities laws.
Closing of the fourth and final tranche of the Private Placement is expected to be on or about June 17, 2016 or such other
date as may be agreed to by the Corporation and M Partners.
On behalf of the Directors of IMPACT Silver Corp.,
Frederick W. Davidson, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on
the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT
management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including
but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title
matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions,
relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change,
industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any
underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described
herein. IMPACT does not assume the obligation to update any forward-looking statement.