RSS SubscribeFeb 10, 2026
Silver North Resources Ltd. (TSX-V: SNAG) “Silver North” or the “Company”) is pleased to announce the closing of its previously announced brokered private placement (the “Offering”) for aggregate gross proceeds of C$11,576,985, which includes the exercise in full of the agent’s option. Pursuant to the Offering, the Company sold 4,982,461 units of the Company (the “Units”) at a price of C$0.40 per Unit (the “Unit Price”) and 17,114,286 flow-through units of the Company that were sold to charitable purchasers (the “Charity FT Units”, and together with the Units, the “Offered Securities”) at a price of C$0.56 per Charity FT Unit.
Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Charity FT Unit consists of one common share of the Company to be issued as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a “FT Share”) and one-half of one Warrant. Each whole Warrant entitles the holder to purchase one common share of the Company at a price of C$0.56 at any time after April 10, 2026 to February 10, 2029.