RSS SubscribeVancouver, BC, June 6, 2024 – Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) “Silver North” or the “Company”) is pleased to announce a non-brokered private placement (the “Offering”) for aggregate gross proceeds of up to $1,250,000 from the sale of the following:
(i) non-flow-through units of the Company (the “NFT Units”) to be sold at a price of $0.16 per NFT Unit for gross proceeds of up to $250,000 from the sale of NFT Units; and (ii) charity flow-through units of the Company (the “CFT Units”, and together with the NFT Units, the “Offered Securities”) to be sold at a price of $0.225 per CFT Unit for gross proceeds of up to $1,000,000 from the sale of CFT Units. Each NFT Unit will be comprised of one common share in the capital of the Company (each, a “Common Share”) and one common share purchase warrant (a “Warrant”). Each CFT Unit will be comprised of one Common Share that will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) and one Warrant. The Warrants for all units will be subject to the same terms, with each Warrant entitling the holder thereof to purchase one Common Share (a “Warrant Share”) for a period of 48 months from the issue date of the Offered Securities at an exercise price of $0.35 per Warrant Share.