Business
Honey Badger Non-Brokered Private Placement Upsized to C$2.25 Million on Strong Demand
Toronto, Ontario--(Newsfile Corp. - December 31, 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 31, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company"), is pleased to announce that, further to the Company's news release dated December 29, 2025, in response to strong investor interest in its up to C$1.5 million non-brokered private placement of units of the Company (the "Units"), the Company has increased the size of the private placement to up to 12,500,000 Units at a price of C$0.18 per Unit for aggregate gross proceeds of up to approximately C$2.25 million (the "Offering"). The terms of the Offering are otherwise unchanged from those previously announced.","length":700,"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 purposes.","length":146,"tagName":"p"},{"type":"text","content":"The Offering is scheduled to close on or about January 16, 2026, or on such other date as the Company may determine and remains subject to the approval of the TSX Venture Exchange (the "TSXV"). All securities issued pursuant to the Offering will be subject to a four-month plus one day 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 Offering.","length":498,"tagName":"p"},{"type":"text","content":"An insider of the Company intends to subscribe for approximately 2,777,778 Units for gross proceeds of approximately $500,000, subject to receipt of all required regulatory approvals. The subscription by an "insider" of the Company will constitute a "related party transaction" for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") and Section 5.9 – Protection of Minority Securityholders in Special Transactions of the Corporate Finance Manual of the TSXV. The Company expects any participation by Insiders in the Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on the fact that neither the fair market value of the U...