Silver North Announces Charity Flow Through LIFE Private Placement for Gross Proceeds of up to C$2.1 Million

Core Viewpoint - Silver North Resources Ltd. is conducting a non-brokered private placement to raise up to $2,100,000 through the sale of charity flow-through units at a price of $0.21 per unit, aimed at funding exploration activities on its mineral properties in the Yukon Territory [1][2]. Group 1: Offering Details - The Offering consists of charity flow-through units (CFT Units), each comprising one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.35 for 48 months [1]. - The gross proceeds from the sale of CFT Units will be used to incur eligible Canadian exploration expenses related to the Company's projects in the Yukon, with a commitment to renounce these expenditures to subscribers by December 31, 2025 [3]. Group 2: Exploration Plans - Proceeds from the financing will be allocated to exploration programs on the Haldane and GDR projects, including a prospecting and mapping program on the Veronica claim block of the GDR Project, which is adjacent to the Tim Property [8]. - At Haldane, a diamond drilling program consisting of 10 holes (2,500 meters) will target the expansion of silver-lead-zinc mineralization at the Main Fault target, with previous drilling returning significant grades of silver and other minerals [9]. Group 3: Regulatory Compliance - The Offering will comply with the policies of the TSX Venture Exchange and is subject to necessary regulatory approvals [4]. - The Offered Securities will be available for sale to purchasers in Canada and other qualifying jurisdictions without a hold period due to the Listed Issuer Financing Exemption [5].