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Silver North Announces Charity Flow Through LIFE Private Placement for Gross Proceeds of up to C$2.1 Million
(TheNewswire) Vancouver, BC, June 23, 2025 – TheNewswire – Silver...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"Silver North Announces Charity Flow Through LIFE Private Placement for Gross Proceeds of up to C$2.1 Million\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC, June 23, 2025\n \n\n –\n \n\n TheNewswire –\n \n\n Silver North Resources Ltd. (TSX-V: SNAG,\nOTCQB: TARSF)\n \n “\n \n Silver\nNorth\n \n ” or the “\n \n Company\n \n ”) is pleased to announce a non-brokered private\nplacement (the “\n \n Offering\n \n ”)\nfor aggregate gross proceeds of up to $2,100,000 from the sale of\ncharity flow-through units of the Company (the “\n \n CFT Units\n \n ”) to be sold at a price\nof $0.21 per CFT Unit. Each CFT Unit will be comprised of one common\nshare that will qualify as a “flow-through share” within the\nmeaning of subsection 66(15) of the Income Tax Act (Canada) (the\n“\n \n Tax Act\n \n ”) and one-half of\none common share purchase warrant (each whole warrant, a “\n \n Warrant\n \n ”). Each Warrant will\nentitle the holder thereof to purchase one common share (a “\n \n Warrant Share\n \n ”) for a period of 48\nmonths from the issue date of the Offered Securities at an exercise\nprice of $0.35 per Warrant Share.\n \n\n The Company intends to use the gross proceeds raised from the sale of\nCFT Units for exploration and related programs on the Company’s\nHaldane and GDR mineral properties in the Yukon Territory.\n \n\n The Company will use an amount equal to the gross proceeds from the\nsale of CFT Units, pursuant to the provisions in the Tax Act, to incur\neligible “Canadian exploration expenses” that qualify as\n“flow-through mining expenditures” as both terms are defined in\nthe Tax Act (the “\n \n Qualifying\nExpenditures\n \n ”) related to the Company's projects in the\nYukon, on or before December 31, 2026, and to renounce all the\nQualifying Expenditures in favour of the subscribers of the CFT Units\neffective December 31, 2025. If the Qualifying Expenditures are\nreduced by the Canada Revenue Agency, the Company will indemnify each\nCFT Unit subscriber for any additional taxes payable by such\nsubscriber as a result of the Company’s failure to renounce the\nQualifying Expenditures as agr...