RSS SubscribeJan 15, 2026
Silver North Resources Ltd. (TSX-V: SNAG) “Silver North” or the “Company”) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (“Red Cloud”) to act as sole agent and bookrunner in connection with a “best efforts” private placement (the “Marketed Offering”) for aggregate gross proceeds of up to C$5,000,000 from the sale of (i) up to 5,000,000 units of the Company (the “Units”) at a price of C$0.40 per Unit and (ii) up to 5,357,143 flow-through units of the Company to be 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 will consist 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 will consist 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 shall entitle the holder to purchase one common share of the Company at a price of C$0.56 at any time after the 60th day following the Closing Date (as herein defined) to the date that is on or before that date which is 36 months after the Closing Date.