Business
Silver North Announces Increase in Flow Through Share Private Placement
(TheNewswire) NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN T...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"Silver North Announces Increase in Flow Through Share Private Placement \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\n\n NOT FOR DISTRIBUTION TO\nU.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED\nSTATES\n \n\n\n\n Vancouver, BC, December 16, 2025\n \n\n –\n \n\n TheNewswire –\n \n\n Silver North Resources Ltd. (TSX-V: SNAG,\nOTCQB: TARSF)\n \n\n “\n \n\n Silver North\n \n\n ” or\nthe “\n \n\n Company\n \n\n ”) is pleased to announce an increase in the non-brokered\nprivate placement (the “\n \n\n Offering\n \n\n ”) which is now for aggregate gross\nproceeds of up to $2,250,500 from the sale of 6,430,000 million\nflow-through shares of the Company (the “\n \n\n FT Shares\n \n\n ”) to be\nsold at a price of $0.35 per FT Share. Each FT Share will be comprised\nof one common share that will qualify as a “flow-through share”\nwithin the meaning of subsection 66(15) of the Income Tax Act (Canada)\n(the “\n \n\n Tax Act\n \n\n ”).\n \n\n\n\n The Offering is fully subscribed and will close\nshortly.\n \n\n\n\n The 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 “\n \n\n Qualifying Expenditures\n \n\n ”) 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\n\n About\n \n\n Silver\n \n\n North\n \n\n Resources\n \n\n Ltd.\n \n\n\n\n Silver\n \n\n North’s\n \n\n primary\n \n\n assets\n \n\n are\n \n\n its\n \n\n 100%\n \n\n owned\n \n\n Haldane\n \n\n S\n \n\n ilver\n \n\n P\n \n\n roject\n \n\n (next\n \n\n to\n \n\n Hecla\n \n\n Mining\nInc.’s Keno Hill Mine project), the Tim Silver Project (under option\nto Coeur Mining, Inc. in the Silvertip/Midway District, BC and Yukon)\nand the GDR project also in the Silvertip/Midway district.\n \n\n Silver\n \n\n North\n \n\n also\n \n\n plans\n \n\n to\n \n\n acquire\n \n\n additional silver properties i...