(TheNewswire)
Not for distribution to UnitedStates Newswire Services or for dissemination in the UnitedStates.
Vancouver, BC - TheNewswire - April 4, 2024 – Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF, Frankfurt:I90, “ Silver North ” or the “ Company ”) is pleased to announcethat the non-brokered private placement of 5 million Units of theCompany at a price of C$0.10 per Unit for gross proceeds to theCompany of up to $500,000 (the “ Offering ”) is fully subscribed and the Company hasincreased to $650,000 for 6.5 million Units. The Company will closethe financing on or around April 10 th .
The Units to be issued consist of one common share and onenon-transferable common share purchase warrant allowing the holder tobuy an additional share for each full warrant held for a period ofthree years at $0.20 per additional share.
The closing of the Offering is subject to receipt of all necessaryregulatory approvals including the TSX Venture Exchange (the“TSX-V”). Finder’s fees of 7% in cash will be paid to eligibleparties. The securities issued with respect to the Offering will besubject to a hold period of four months and one day in accordance withapplicable 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 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.
Copyright (c) 2024 TheNewswire - All rights reserved.