(TheNewswire)
Vancouver, BC - TheNewswire - October 17, 2023 - Silver North Resources Ltd. (TSX-V:SNAG ) ( OTC:TARSF) (“ SilverNorth ” or the “ Company ”) ispleased to announce that it has retained Hybrid Financial Ltd.(“ Hybrid ”) to provide marketing services to the Company. TheCompany also announces that it plans to close the first tranche of itspreviously announced financing on Thursday, October 19, 2023.
Jason Weber, President and CEO of Alianza noted that“The team at Hybrid is very active with exploration companies and wefeel that they will be very complementary to our existing outreachchannels. With the recent l aunch of Silver North, it is an optimal time to involve newgroups to get our story out to the greater investing public.”
Financing Update
Silver North is in the process of raising up to $1.5million as outlined in the news release issued on August29 th , 2023 and now anticipates closing the first tranche onOctober 19 th , 2023. This first tranche will consist of approximately$500,000 in hard dollars and $300,000 in flow through funds. The fundswill be used for general working capital, marketing, and forexploration on the Company’s high grade silver Haldane project inthe Keno Hill area of Yukon Territory, Canada.
Silver North has also increased the commission on thefinancing to 7% in cash and 7% in finder’s warrants. Each finder’swarrant will allow the holder to acquire one share at the offeringprice of $0.20 for a period of three years.
Further details of the financing will be announced atclosing. The financing is subject to regulatory approval.
Hybrid Financial Engagement
Hybrid has been engaged to heighten market and brandawareness for Silver North and to broaden the Company's reach withinthe professional investment community. Hybrid complies with allapplicable securities laws and the policies of the TSX VentureExchange (the “ TSXV ”) in providing the services and theirarea of outreach is investment professionals.
Hybrid has been engaged by the Company for an initialperiod of six months starting October 3, 2023 (the “ Initial Term ”) and thenshall be renewed automatically for successive six months periodsthereafter, unless terminated by the Company in accordance with theAgreement. Hybrid will be paid a monthly fee of $15,000, plusapplicable taxes, during the Initial Term.
About Silver North Resources Ltd.
Silver North’s primary assets are its 100% ownedHaldane silver project and the Tim silver project (under option toCoeur Mining, Inc.). Silver North also holds gold and base metalprojects in Yukon Territory, Colorado and Nevada and is activelyseeking partners for them. Silver North also holds certain royaltieson projects in North and South America.
The Company is listed on the TSX Venture Exchange underthe symbol “SNAG” and trades on the OTCQB market in the US underthe symbol “TARSF”.
About Hybrid Financial Ltd.
Hybrid is a sales and distribution company thatactively connects issuers to the investment community across NorthAmerica. Using a data driven approach, Hybrid provides its clientswith comprehensive coverage of both American and Canadian markets.Hybrid Financial’s head office is located in Toronto,Ontario.
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
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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 NEWS RELEASE, OTHER THAN PURELYHISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'SFUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDEFORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ONNUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS ANDUNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS ARESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THEFORWARD-LOOKING STATEMENTS.
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