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Silver North Resources Ltd
Symbol SNAG
Shares Issued 36,877,994
Close 2024-04-03 C$ 0.15
Market Cap C$ 5,531,699
Recent Sedar Documents

Silver North increases private placement to $650,000

2024-04-04 11:56 ET - News Release

Mr. Jason Weber reports

SILVER NORTH INCREASES OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT TO $650,000

Silver North Resources Ltd.'s non-brokered private placement of five million units of the company at a price of 10 cents per unit for gross proceeds to the company of up to $500,000 is fully subscribed, and the company has increased the financing to $650,000 for 6.5 million units. The company will close the financing on or around April 10, 2024.

Each unit to be issued consists of one common share and one non-transferable common share purchase warrant allowing the holder to buy an additional share at 20 cents for a period of three years.

The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the TSX Venture Exchange. Finders' fees of 7 per cent in cash will be paid to eligible parties. The securities issued with respect to the offering will be subject to a hold period of four months and one day, in accordance with applicable securities laws.

About Silver North Resources Ltd.

Silver North's primary assets are the 100-per-cent-owned Haldane silver project (next to Hecla Mining Inc.'s Keno Hill mine project) and the Tim silver project (under option to Coeur Mining Inc.). Silver North also holds gold and base metal projects in Yukon, Colorado and Nevada, and is actively seeking partners for them. Silver North also plans to acquire additional silver properties in favourable jurisdictions.

We seek Safe Harbor.

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