Silver Hammer Announces Non-Brokered Private Placement
Silver Hammer Mining Corp.
206-595 Howe Street,
Vancouver, BC
V6C 2T5
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SILVER HAMMER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Not for distribution to the U.S. newswire or for dissemination in the United States
May 27, 2024 – Vancouver, BC – Silver Hammer Mining Corp. (CSE: HAMR ) (the
“ Company ” or “ Silver Hammer ”) is pleased to announce a non-brokered private pl acement
of units of the Company (" Units ") at a price of CAN$0.09 per Unit (the " Offering "), for
anticipated gross proceeds of up to CAN$2,400,000.
“Silver Hammer is supported by an exceptional board and technical team including Ron Burk,
the previous Senior VP of Exploration for Centerra Gold and Silver Standard, Don Birak, the
previous Senior VP of Exploration for Coeur Mining, Anglo Gold and Hudson Bay Mining &
Smelting, and Lawrence Roulston, the current Non- Executive Chairman of Metalla Royalty &
Streaming and we look forward to a busy exploration season evaluating our current portfolio
of high-grade silver assets in two excellent mining jurisdictions of Idaho and Nevada,”
commented Peter A. Ball, President & CEO of Silver Hammer Mining. “With an exciting
silver bull market emerging, we are pleased to be one of the few pure silver focused exploration
and development companies ready for a busy explorat ion season testing three high-grade
silver projects, where each asset contains historical silver mines that have had limited modern-
day exploration for decades. As one of Silver Hamme r’s largest shareholders, I look forward
to a busy 2024, and the patience and support of our shareholders pushing forward.”
Each Unit will be comprised of one common share in the capital of the Company (a " Share ")
and one Share purchase warrant (a " Warrant "). Each Warrant will entitle the holder thereof
to acquire one additional share (a " Warrant Share ") at a price of CAN$0.12 per Warrant
Share for a period of two years from the closing date of the Offering.
13,547,853 Units for aggregate gross proceeds of CA N$1,219,307 under the Offering will be
completed pursuant to the listed issuer financing exemption (the “ LIFE Offering ”) under Part
5A of National Instrument 45-106 Prospectus Exemptions (“ NI 45-106 ”). The securities issued
in the LIFE Offering will not be subject to a hold period in accordance with applicable
Canadian securities laws. There will be an offering document related to the LIFE Offering that
will be available under the Company's profile at www.sedarplus.ca and at
www.silverhammermining.com . Prospective investors should read this offering d ocument
before making an investment decision.
In addition to the LIFE Offering, the Company will complete a concurrent private placement
of Units pursuant to applicable prospectus exemptio ns under NI 45-106 for gross proceeds of
up to an additional CAN$1,180,693 (the " Concurrent Placement "), for total gross proceeds
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of a minimum CAN$2,343,709 and up to CAN$2,400,000 under the Offering. Such Units will
be subject to a four-month and one day hold period following the closing date of the Concurrent
Placement.
In connection with the Offering, the Company will pay finders’ fees of up to 7.0% of the gross
proceeds raised by the Company from the sale of Uni ts to subscribers directly introduced to
the Company by eligible finders. In addition, the C ompany will issue to eligible finders non-
transferable finders’ warrants of up to 7.0% of the number of Units sold in the Offering. Each
finders’ warrant will entitle the holder to acquire one Share at a price of CAN$0.12 per Share
for a period of two years from the date of issuance.
The Company intends to use the proceeds raised from the Offering for exploration of its Silver
Strand project in Idaho, Eliza and Silverton projec ts in Nevada and for working capital and
general corporate purposes.
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource com pany focused on advancing past-
producing high-grade silver projects in the United States. Silver Hammer controls 100% of the
Silver Strand Mine in the Coeur d’Alene Mining Dist rict in Idaho, USA, as well both the Eliza
Silver Project and the Silverton Silver Mine in Nev ada and the Lacy 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.
On Behalf of the Board of Silver Hammer Mining Corp.
Peter A. Ball
President & CEO, Director
For investor relations inquiries, contact:
Peter A. Ball
President & CEO
778.344.4653
Forward Looking Information
This press release contains “forward-looking inform ation” within the meaning of applicable Canadian se curities
legislation. Forward-looking information in this pr ess release includes, without limitation, statement s relating to
the Offering and the use of proceeds therefrom and other statements which are subject to a number of c onditions,
as described elsewhere in this news release. These statements are based upon assumptions that are subj ect to
significant risks and uncertainties, including risk s regarding the mining industry, commodity prices, market
conditions, general economic factors, management’s ability to manage and to operate the business, and explore
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and develop the projects of the Company, and the equity markets generally. Because of these risks and uncertainties
and as a result of a variety of factors, the actual results, expectations, achievements or performance of the Company
may differ materially from those anticipated and in dicated by these forward-looking statements. Any nu mber of
factors could cause actual results to differ materi ally from these forward-looking statements as well as future
results. Although the Company believes that the exp ectations reflected in forward looking statements a re
reasonable, they can give no assurances that the ex pectations of any forward-looking statements will p rove to be
correct. Except as required by law, the Company dis claims any intention and assume no obligation to up date or
revise any forward-looking statements to reflect ac tual results, whether as a result of new informatio n, future
events, changes in assumptions, changes in factors affecting such forward-looking statements or otherw ise.
This news release does not constitute an offer to s ell or a solicitation of an offer to sell any of se curities in the
United States. The securities have not been and wil l not be registered under the U.S. Securities Act o r any state
securities laws and may not be offered or sold with in the United States or to U.S. Persons unless regi stered under
the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Canadian Securities Exchange does not accept re sponsibility for the adequacy or accuracy of this r elease.
The Canadian Securities Exchange has neither approv ed nor disapproved the contents of this press release.