Business
Silver North Announces Brokered LIFE Private Placement for Gross Proceeds of up to C$5.0 Million
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / January 15, 2026 /Silver North Resources Ltd. (TSX-V:SNAG) "Silver North" or the "Company") is pleased to announce that it ...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES","length":89,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / January 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.","length":797,"tagName":"p"},{"type":"text","content":"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.","length":674,"tagName":"p"},{"type":"text","content":"The Company has also granted Red Cloud an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional C$1,000,000 in any combination of Units and Charity FT Units at their respective offering prices (the "Agent's Option"). The Marketed Offering and the securities issuable upon exercise of the Agent's Option shall be collectively referred to as the "Offering".","length":458,"tagName":"p"},{"type":"text","content":"The Company intends to use the gross proceeds from the Offering for exploration and related programs on the Company's Haldane...