Mr. Peter Ball reports
SILVER HAMMER ANNOUNCES CLOSING OF NON-BROKERED
PRIVATE PLACEMENT OF UNITS
Further to its news release dated April 11, 2025,
Silver Hammer Mining Corp. has closed its non-brokered private placement, issuing 572,727 units at 5.5 cents per unit for gross proceeds of $31,500. Each unit consists of one common share in the capital of the company and one transferrable common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share at a price of seven cents for a period of three years from the closing of the offering.
No finders' fees were paid in connection with the offering. All securities issued in connection with the offering are subject to a statutory hold period of four months, expiring on Aug. 22, 2025, in accordance with applicable securities legislation. The company intends to use the proceeds raised from the offering for general working capital.
About Silver Hammer Mining Corp.
Silver Hammer Mining is a junior resource company focused on advancing past-producing, high-grade silver projects in the United States. Silver Hammer controls 100 per cent of the Silver Strand mine in the Coeur d'Alene mining district in Idaho, United States, as well as the Eliza silver project and the Silverton silver mine in Nevada and the Lacy gold project in British Columbia, Canada. Silver Hammer's primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The company's portfolio also provides exposure to copper and gold discoveries.
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