Business
Honey Badger Announces Non-Brokered Private Placement of up to $1.5 Million
Toronto, Ontario--(Newsfile Corp. - December 29, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to ...
About this update from Honey Badger Silver Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 29, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement financing of $1.5 million (the "Offering") through the issuance of up to 6,521,739 units (the "Units") at a price of $0.18 per Unit. The price of the Offering is subject to regulatory approval. The Offering is expected to close on or about January 16, 2026. All dollar amounts in this news release are in Canadian dollars.","length":589,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share of the Company (a "Warrant Share") at an exercise price of $0.23 per Warrant Share for a period of 36 months from the date of issuance, subject to customary anti-dilution adjustments.","length":412,"tagName":"p"},{"type":"text","content":"Chad Williams, Executive Chairman of the Company, has indicated that he intends to participate in the Offering for up to $1 million of Units, subject to receipt of all required regulatory approvals.","length":198,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of the Offering to advance the Company's silver projects and for general working capital.","length":137,"tagName":"p"},{"type":"text","content":"Completion of the Offering remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a four-month statutory hold period in accordance with applicable Canadian securities laws. The Company anticipates paying a finders' fee, payable in cash to certain eligible parties on a portion of the placement.","length":377,"tagName":"p"},{"type":"text","content":"The subscription for Units by Chad Williams, the Executive Chairman of the Company, constitutes a "related party transaction" for the purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation or minority shareholder ap...