RSS SubscribeDec 11, 2025
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 $2,100,000 from the sale of 6 million flow-through shares of the Company (the “FT Shares”) to be sold at a price of $0.35 per FT Share. Each FT Share 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”).
The Company will use an amount equal to the gross proceeds from the sale of FT Shares, pursuant to the provisions in the Tax Act, to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Tax Act (the “Qualifying Expenditures”) related to the Company’s Yukon projects, on or before December 31, 2026, and to renounce all of the Qualifying Expenditures in favour of the subscribers of the FT Shares effective December 31, 2025.