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Silver Hammer Mining Announces Non-Brokered Private Placement of Units
July 31, 2024 – TheNewswire - Vancouver, BC – Silver Hammer Mining Corp. (CSE: HAMR) (the “Company” or “Silver Hammer”) is pleased to announce that it will proc
About this update from Silver Hammer Mining Corp
[{"type":"text","content":"July 31, 2024 – TheNewswire - Vancouver, BC – Silver Hammer Mining Corp. (CSE: HAMR) (the “Company” or “Silver Hammer”) is pleased to announce that it will proceed with a non-brokered private placement of up to 27,000,000 units of the Company (the “Units”) at CAN$0.055 per Unit for gross proceeds of up to CAN$1,485,000 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Share”) and one transferrable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional Share at a price of CAN$0.07 for a period of three years from the closing of the Offering. “Silver Hammer is one of the few pure silver focused exploration and development companies with 100% control of three high-grade silver projects in Nevada and Idaho, where each asset contains historical silver mines that have had limited modern-day exploration. As one of Silver Hammer’s largest shareholders, I look forward to a busy year ahead, and the patience and support of our shareholders pushing forward in what appears to be an emerging strong silver bull market,” commented Peter A. Ball, President & CEO of Silver Hammer Mining. “Silver Hammer is pleased to have experienced executive level mineral explorers Ron Burk, previous VP of Exploration for Centerra Gold and Silver Standard, and Don Birak, the previous Senior VP of Exploration for Coeur Mining, VP Exploration for AngloGold North America and Hudson Bay Mining & Smelting as members of the Board of Directors.” In connection with the Offering, the Company will pay finders’ fees of up to 7.0% of the gross proceeds raised by the Company from the sale of Units to subscribers directly introduced to the Company by eligible finders. In addition, the Company will issue to eligible finders non-transferable finders’ warrants of up to 7.0% of the number of Units sold in the Offering. Each finders’ warrant will entitle the holder to acquire one Share at a price of CAN$0.07 per Share for a period of three years from the date of issuance. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a ...