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Silver North $2.1 Million Non-Brokered Flow-Through Private Placement Fully Subscribed
(TheNewswire) A Non-Flow Through Private Placement of up to $500,000 at $0.15 per uni...
About this update from Silver North Resources Ltd.
[{"type":"text","content":"Silver North $2.1 Million Non-Brokered Flow-Through Private Placement Fully Subscribed\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\n A Non-Flow Through Private Placement of\nup to $500,000 at $0.15 per unit announced to accommodate additional\ndemand.\n \n\n\n\n\n Vancouver, BC –\n \n\n TheNewswire -\n \n\n July 15, 2025\n \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 ”) announces that the non-brokered private placement\n(the “\n \n FT Unit\n \n\n Offering\n \n ”) announced\n \n on\n \n June 23, 2025 has been fully subscribed and will\nclose shortly.\n \n\n As announced, the\n \n FT Unit\n \n Offering for aggregate\ngross proceeds of up to $2,100,000 from the sale of flow-through units\nof the Company (the “\n \n FT\nUnits\n \n ”) is to be sold at a price of $0.21 per FT Unit. Each\nFT Unit will be comprised of one common share and one-half of one\ncommon share purchase warrant (each whole warrant, a “\n \n Warrant\n \n ”) of the Company, each of\nwhich will qualify as a “flow-through share” within the meaning of\nsubsection 66(15) of the\n \n Income Tax\nAct\n \n (Canada) (the “\n \n Tax\nAct\n \n ”). Each Warrant will entitle the holder thereof to\npurchase one common share (a “\n \n Warrant Share\n \n ”) of the Company for a period of 48 months\nfrom the issue date of the FT Units at an exercise price of $0.35 per\nWarrant Share.\n \n The Warrant Share will be issued on a\nnon-flow-through basis. In\n \n connection with the\n \n FT Unit\n \n Offering, certain purchasers of FT Units\nintend to subsequently (i) donate some or all of such FT Units to\nregistered charities, who may sell such FT Units to third-party\ninvestors, and/or (ii) sell some or all of such FT Units to\nthird-party investors.\n \n\n The Company also intends to raise up to an additional $500,000 by way\nof a non-flow through non-brokered private placement (the “\n \n HD Unit\n \n\n Offering\n \n ”) to accommodate\nadditional investment interest in Silver North. The\n \n HD\n \n\n Unit\n \n Offering is priced at\n$0.15 per unit (the “\n \n HD\nUnits\n \n ”), with each HD uni...