June 28, 2024
Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) “Silver North” or the “Company”) is pleased to announce that it has closed the second tranche (the “Second Tranche”) of its non-brokered private placement (the “Offering”) for gross proceeds of $175,880. Further to the Company’s news release dated June 21, 2024, the Company has raised aggregate gross proceeds of $738,380 in the Offering.
In connection with the closing of the Second Tranche the Company issued 1,099,250 non-flow-through units of the Company (the “NFT Units”) at a price of $0.16 per NFT Unit for gross proceeds of $175,880. Each NFT Unit is comprised of one common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”) of the Company. Each Warrant entitles the holder thereof to purchase one Share (a “Warrant Share”) until June 28, 2028 at an exercise price of $0.35 per Warrant Share.