Silver Hammer Announces Closing of Oversubscribed Private Placement for Gross Proceeds of Approximately $3,000,000
NEWS RELEASE
SILVER HAMMER ANNOUNCES CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT FOR GROSS
PROCEEDS OF APPROXIMATELY $3,000,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
VANCOUVER, BC. – June 2, 2022 – (CSE: HAMR/OTCQB: HAMRF) Silver Hammer Mining Corp. (the
“Company ” or “ Silver Hammer ”) is pleased to announce that it has closed its pr eviously announced
brokered and a concurrent non-brokered private plac ement (collectively, the “ Offering ”) for gross
proceeds of $3,007,048.68. The brokered portion of the Offering (the “ Brokered Offering ”) was led by
Echelon Wealth Partners Inc. (the “ Agent ”) and consisted of the sale of 7,325,286 units (the “ Units ”) for
aggregate gross proceeds of $2,783,608.68 at a pric e of $0.38 per Unit (the “ Offering Price ”). Each Unit
consisted of one Common Share (each, a “ Common Share ”, and collectively the “ Common Shares ”) and
one-half of one Common Share purchase warrant, (each whole warrant, a “ Warrant ” and collectively, the
“Warrants ”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.50
per Common Share for a period of 24 months from the closing date of the Offering.
Under the non-brokered portion of the Offering the Company raised gross proceeds of $223,440.00,
through the sale of 588,000 Units at the Offering Price. The Offering was announced on May 16, 2022.
The Warrants were issued pursuant to a warrant indenture dated June 2, 2022 entered into between the
Company and Endeavor Trust Corporation, as warrant agent.
As consideration for Agent’s services in connection with the Brokered Offering, the Agent received a cash
commission of $182,145.95, a cash advisory fee of $ 8,900.00, and 502,831 broker warrants, each
exercisable to acquire one Common Share at the Offering Price for a period of 24 months from the closing
date of the Offering.
All securities issued pursuant to the Offering, inc luding any underlying securities, are subject to a four-
month-and-one-day hold period in accordance with applicable Canadian securities laws.
The net proceeds of the Offering will be used for the exploration of the Silver Strand Project in Idaho, the
Eliza Silver Project in Nevada, the Silverton Silve r-Gold Project in Nevada, and for general and worki ng
capital purposes.
Directors and officers of the Company purchased an aggregate of 77,600 Units in the Offering. The
participation by such insiders in the Offering cons tituted a “related party transaction” as defined un der
Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.
The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S.
Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United
States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term
is defined in Regulation S promulgated under the U. S. Securities Act, unless registered under the U.S.
Securities Act and applicable state securities laws or pursuant to an exemption from such registration
requirements.
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource com pany advancing the flagship past-producing Silver
Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and
the Silverton Silver Mine in one of the world’s mos t prolific mining jurisdictions in Nevada and the L acy
Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is defining and developing silver
deposits near past-producing mines that have not been adequately tested. The Company’s portfolio also
provides exposure to copper and gold discoveries.
Forward-Looking Information
This release may contain forward-looking statements . Forward-looking statements are statements that
are not historical facts and are generally, but not always, identified by the words "expects", "plans" ,
"anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that
events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements may
include, without limitation, statements relating to the Offering and the use of proceeds therefrom. Th e
forward-looking statements contained in this press release are expressly qualified in their entirety by this
cautionary statement. All forward-looking statements in this press release are made as of the date of this
press release. The forward-looking statements contained herein are also subject generally to assumptions
and risks and uncertainties that are described from time to time in the Company's public securities filings
with the Canadian securities commissions. Although the Company believes the expectations expressed in
such forward-looking statements are based on reason able assumptions, such statements are not
guarantees of future performance and actual results may differ materially from those in forward looking
statements. The Company expressly disclaims any intention or obligation to update or revise any forward-
looking statements whether as a result of new information, future events or otherwise.
On Behalf of the Board of Silver Hammer Mining Corp.
Morgan Lekstrom, President and CEO
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
For further information contact:
Kristina Pillon, President, High Tide Consulting Corp.
T: 604.908.1695
For media inquiries, contact:
Adam Bello, Primoris Group Inc.
T: 416.489.0092
The CSE does not accept responsibility for the adeq uacy or accuracy of this release. The Canadian
Securities Exchange has neither approved nor disapproved the contents of this press release.