{"id":6353,"date":"2024-07-18T23:41:13","date_gmt":"2024-07-18T23:41:13","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/07\/18\/silver-north-announces-closing-of-final-tranche-of-private-placement\/"},"modified":"2024-07-18T23:41:13","modified_gmt":"2024-07-18T23:41:13","slug":"silver-north-announces-closing-of-final-tranche-of-private-placement","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/07\/18\/silver-north-announces-closing-of-final-tranche-of-private-placement\/","title":{"rendered":"Silver North Announces Closing of Final Tranche of Private Placement"},"content":{"rendered":"
\n

(TheNewswire) <\/p>\n

<\/div>\n

Vancouver, BC, July 18, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) \u2018 Silver North \u2018 or the \u2018 Company \u2018) is pleased to announce that it has closed the third and final tranche (the \u2018 Final Tranche \u2018) of its non-brokered private placement (the \u2018 Offering \u2018) for gross proceeds of $89,000. Further to the Company\u2019s news releases dated June 21, 2024 and June 28, 2024, the Company has raised aggregate gross proceeds of $827,380 in the Offering.<\/p>\n

In connection with the closing of the Final Tranche the Company issued 556,250 non-flow-through units of the Company (the \u2018 NFT Units <\/span> \u2018) at a price of $0.16 per NFT Unit for gross proceeds of $89,000. Each NFT Unit is comprised of one common share in the capital of the Company (a \u2018 Share <\/span> \u2018) and one common share purchase warrant (a \u2018 Warrant <\/span> \u2018) of the Company. Each Warrant entitles the holder thereof to purchase one Share (a \u2018 Warrant Share <\/span> \u2018) until July 18, 2028 at an exercise price of $0.35 per Warrant Share. <\/p>\n

The Company intends to use the proceeds from the Final Tranche for general corporate and working capital purposes. <\/p>\n

In connection with the closing of the Final Tranche the Company issued 10,937 finder\u2019s warrants (the \u2018 Finder\u2019s Warrants <\/span> \u2018) and paid a cash commission of $1,750 to Canaccord Genuity Corp. Each Finder\u2019s Warrant entitles the holder thereof to purchase one Share (a \u2018 Finder\u2019s Warrant Share <\/span> \u2018) at a price of $0.16 per Finder\u2019s Warrant Share until July 18, 2025. The Finder\u2019s Warrants issued in connection with the Final Tranche are subject to a statutory hold period and may not be traded until November 19, 2024, except as permitted by applicable securities legislation. <\/p>\n

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 \u2013 Prospectus Exemptions (\u2018 NI 45-106 <\/span> \u2018), a portion of the NFT Units, and the charity flow-through units (\u2018 CFT Units <\/span> \u2018 and together with the NFT Units, the \u2018 Offered Securities <\/span> \u2018) were offered for sale to purchasers resident in Canada and\/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \u2018 Listed Issuer Financing Exemption <\/span> \u2018). Because a portion of the Offering was completed pursuant to the Listed Issuer Financing Exemption, that portion of securities issuable from the sale of the Offered Securities to Canadian resident subscribers in the Offering are not subject to a hold period pursuant to applicable Canadian securities laws. 93,750 NFT Units sold in the Final Tranche were issued pursuant to certain private placement exemptions under NI 45-106. Those NFT Units are subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company\u2019s profile at www.sedarplus.ca and on the Company\u2019s website at www.silvernorthres.com. Prospective investors should read this offering document before making an investment decision. <\/p>\n

The securities described herein have not been, and will not be, registered under the U.S. Securities Act, as amended, or any state securities laws, and accordingly, may not be offered or sold within the United States or the US persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction. <\/p>\n

<\/a> About Silver North Resources Ltd. <\/span><\/p>\n

Silver North\u2019s primary assets are its 100% owned Haldane silver project (next to Hecla Mining Inc.\u2019s Keno Hill Mine project), the Tim silver project (under option to Coeur Mining, Inc. in the Silvertip\/Midway District, BC and Yukon) and the GDR project also in the Silvertip\/Midway district. Silver North also plans to acquire additional silver properties in favourable jurisdictions. <\/p>\n

The Company is listed on the TSX Venture Exchange under the symbol \u2018SNAG\u2019, trades on the OTCQB market in the United States under the symbol \u2018TARSF\u2019, and under the symbol \u2018I90\u2019 on the Frankfurt Stock Exchange. <\/p>\n

Mr. Jason Weber, P.Geo., President and CEO of Silver North Resources Ltd. is a Qualified Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release. <\/p>\n

<\/a> For further <\/span> information, <\/span> contact: <\/span><\/p>\n

Jason <\/span> Weber, President <\/span> and <\/span> CEO <\/span><\/p>\n

Sandrine <\/span> Lam, <\/span> Shareholder <\/span> Communications <\/span><\/p>\n

Tel: (604) 807- 7217 <\/span><\/p>\n

Fax: <\/span> (888) <\/span> 889-4874 <\/span><\/p>\n

To <\/span> learn <\/span> more <\/span> visit: <\/span><\/a>\u00a0 www.silvernorthres.com <\/span><\/p>\n

X: <\/span> https:\/\/x.com\/SilverNorthRes <\/span><\/span><\/p>\n

LinkedIn: <\/span> https:\/\/ <\/span><\/p>\n

NEITHER <\/span> THE <\/span> TSX <\/span> VENTURE <\/span> EXCHANGE <\/span> NOR <\/span> ITS <\/span> REGULATION <\/span> SERVICES <\/span> PROVIDER <\/span> (AS <\/span> THAT <\/span> TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS <\/span> RESPONSIBILITY <\/span> FOR <\/span> THE <\/span> ADEQUACY <\/span> OR <\/span> ACCURACY <\/span> OF <\/span> THIS <\/span> RELEASE. <\/span> STATEMENTS <\/span> IN <\/span> THIS <\/span> NEWS <\/span> RELEASE, <\/span> OTHER <\/span> THAN <\/span> PURELY <\/span> HISTORICAL <\/span> INFORMATION, <\/span> INCLUDING <\/span> STATEMENTS RELATING TO THE COMPANY\u2019S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD- LOOKING STATEMENTS. <\/span><\/p>\n

<\/a> NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES <\/span><\/p>\n

Copyright (c) 2024 TheNewswire \u2013 All rights reserved. <\/p>\n<\/div>\n

News Provided by TheNewsWire via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

(TheNewswire) Vancouver, BC, July 18, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) \u2018 Silver North \u2018 or the \u2018 Company \u2018) is pleased to announce that it has closed the third and final tranche (the \u2018 Final Tranche \u2018) of its non-brokered private placement (the \u2018 Offering \u2018) for gross proceeds of […]<\/p>\n","protected":false},"author":0,"featured_media":6354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/6353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=6353"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/6353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/6354"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=6353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=6353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=6353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}