(TheNewswire)
Not for distribution to UnitedStates Newswire Services or for dissemination in the UnitedStates.
Vancouver, BC / TheNewswire / March 14, 2024 – Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF,Frankfurt:I90, “ SilverNorth ” or the “ Company ”) is pleased to announce a non-brokered privateplacement of 5 million Units of the Company at a price of C$0.10 perUnit for gross proceeds to the Company of up to $500,000 (the “ Offering ”).
The Units will consist of one common share and one non-transferablecommon share purchase warrant allowing the holder to buy an additionalshare for each full warrant held for a period of three years at $0.20per additional share.
The closing of the Offering is expected to occur on or about April10 th , 2024 and is subjectto receipt of all necessary regulatory approvals including the TSXVenture Exchange (the “TSX-V”). Finder’s fees of 7% in cash willbe paid to eligible parties. The securities issued with respect to theOffering will be subject to a hold period of four months and one dayin accordance with applicable securities laws.
This news release does not constitute an offer of securities for salein the United States. The securities being offered have not been, norwill they be, registered under the United States Securities Act of1933, as amended, and such securities may not be offered or soldwithin the United States absent U.S. registration or an applicableexemption from U.S. registration requirements.
About Silver North Resources Ltd.
Silver North’s primary assets are its 100% owned Haldane silverproject (next to Hecla Mining Inc.’s Keno Hill Mine project) and theTim silver project (under option to Coeur Mining, Inc.). SilverNorth also holds gold and base metal projects in Yukon Territory,Colorado and Nevada and is actively seeking partners for them. SilverNorth also plans to acquire additional silver properties in favourablejurisdictions.
The Company is listed on the TSX Venture Exchange under the symbol“SNAG”, trades on the OTCQB market in the US under the symbol“TARSF”, and under the symbol “I90” on the Frankfurt StockExchange.
For further information,contact:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 807-7217
Fax: (888) 889-4874
To learn more visit: www.silvernorthres.com
Twitter:
LinkedIn:
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONSERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXVENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THIS RELEASE. STATEMENTS IN THIS NEWSRELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDINGSTATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OREXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS.FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARESUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCEEXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARYMATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
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