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Silver North Closes $370,050 Non-Brokered Private Placement
Thenewswireยท2025-07-31 20:30

Core Points - Silver North Resources Ltd. has successfully closed its non-brokered private placement, raising a total of $370,050 from the sale of 2,467,000 HD Units at a price of $0.15 per unit [2][3] - Each HD Unit consists of one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.35 per share for a period of 48 months [2][3] - The proceeds from the HD Unit Offering will be allocated for general and administrative expenses and project pipeline development [3] Flow-Through Unit Offering Update - The flow-through unit offering has been fully subscribed, raising aggregate gross proceeds of $2,100,000 from the sale of FT Units at a price of $0.21 per unit [4] - Each FT Unit will also consist of one common share and one-half of a common share purchase warrant, with similar terms as the HD Units [4] - The FT Unit Offering is expected to close in mid-August, and certain purchasers may donate or sell their FT Units to third-party investors [4] Company Overview - Silver North Resources Ltd. owns the Haldane Silver Project, Tim Silver Project, and GDR project, with plans to acquire additional silver properties in favorable jurisdictions [6] - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the United States under the symbol "TARSF" [7]