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Silver North Announces Closing of $2.25 Million Flow Through Share Private Placement
(TheNewswire) NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"Silver North Announces Closing of $2.25 Million Flow Through Share Private Placement \n(TheNewswire)\n\n\nNOT FOR DISTRIBUTION TO\nU.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED\nSTATES\n\n\n  \n\n\nVancouver, BC, December 19, 2025\n– TheNewswire - Silver North Resources Ltd. (TSX-V: SNAG,\nOTCQB: TARSF) “Silver North” or\nthe “Company”) is pleased to announce that the non-brokered private\nplacement (the “Offering”) for aggregate gross proceeds of\n $2,250,500 from the sale of 6.43 million flow-through shares of the\nCompany (the “FT\nShares”) sold at a price of $0.35 per FT Share\nwas closed today. Each FT Share is comprised of one common share that\nwill qualify as a “flow-through share” within the meaning of\nsubsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”).\n\n\n \n\n\nJason Weber, President and CEO, noted that “This\nfinancing will give us the ability to get an early start to the 2026\ndrilling program at our flagship Haldane Property, as well as to\nconduct a follow-up program at the Veronica silver property. Our work\nthis winter will be focused on incorporating the 2025 data,\ninterpreting it and targeting next year’s drilling. We can now plan\non starting as early as conditions will allow this spring and\nmaximizing the field season in 2026. Detailed plans for 2026 will be\nannounced once we have received and interpreted all of the 2025\nresults.”\n\n\n \n\n\nThe Company will use an amount equal to the gross\nproceeds from the sale of FT Shares, pursuant to the provisions in the\nTax Act, to incur eligible “Canadian exploration expenses” that\nqualify as “flow-through mining expenditures” as both terms are\ndefined in the Tax Act (the “Qualifying Expenditures”) related to the\nCompany's Yukon projects, on or before December 31, 2026, and to\nrenounce all of the Qualifying Expenditures in favour of the\nsubscribers of the FT Shares effective December 31, 2025. \n\n\n \n\n\nThe Company paid finders’ fees comprised of $144,931\nand 414,090 non-transferable warrants in connection with the Offering.\nThe finder’s warrants are valid for 24 months at the Offering price.\nAll securities are subject to a f...