Silver Hammer Announces Non-Brokered Private Placement of Units
Silver Hammer Mining Corp.
206-595 Howe Street,
Vancouver, BC
V6C 2T5
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SILVER HAMMER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF
UNITS
Not for distribution to the U.S. newswire or for dissemination in the United States
October 28, 2024 – Vancouver, BC – Silver Hammer Mining Corp. (CSE: HAMR) (the
“Company” or “Silver Hammer”) is pleased to announce that it has extended its non-brokered
private placement of up to 27,000,000 units of the Company (the “Units”) at CAN$0.055 per
Unit for gross proceeds of up to CAN$1,485,000 (the “Offering”). Each Unit will consist of
one common share in the capital of the Company (a “ Share”) and one transferrable common
share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase
one additional Share at a price of CAN$0.07 for a period of three years from the closing of the
Offering.
“As the silver sector continues to gain strength and reach a 12 -year high in the past week, I
appreciate the patience and support of our shareholders as we push forward to close our private
placement,” commented Peter A. Ball, President & CEO of Silver Hammer Mining. “As
one of the Company’s largest shareholders, I am excited for 2025 to continue exploration on
Silver Hammer’s 100% controlled high-grade drill-ready silver projects in Idaho and Nevada.
In addition, the Company continues to review other accretive silver projects and opportunities.”
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 Units to subscribers directly introduced to
the Company by eligible finders. In addition, the Company 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$0.07 per Share
for a period of three years from the date of issuance.
Closing of the Offering is subject to a number of conditions, including receipt of all necessary
corporate and regulatory approvals, including the Canadian Securities Exchange. All securities
issued in connection with the Offering will be subject to a statutory hold period of four months
plus a day from the date of issuance in accordance with applicable securities legislation.
The Company may, at its discretion, elect to close the Offering in one or more tranches.
The Company intends to use the proceeds raised from the Offering to advance exploration
efforts at its 100% controlled projects which includes Silver Strand in Idaho, and Eliza and
Silverton in Nevada and also for working capital and general corporate purposes.
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About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource company 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 District in Idaho, USA, as well both the Eliza
Silver Project and the Silverton Silver Mine in Nevada 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 information” within the meaning of applicable Canadian securities
legislation. Forward-looking information in this press release include s, without lim itation, statements relating to
the Offering and the use of proceeds therefrom and other statements which are subject to a number of conditions,
as described elsewhere in this news release. These statements are based upon assumptions that are subject to
significant risks and uncertainties, including risks regarding the mining industry, commodity prices, market
conditions, general economic factors, management’s ability to manage and to operate the business, and explore
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 indicated by these forward -looking statements. Any number of
factors could cause actual results to differ materially from these forward -looking statements as well as future
results. Although the Company believes that the expectations reflected in forward looking statements are
reasonable, they can give no assurances that the expectations of any forward -looking statements will prove to be
correct. Except as required by law, the Company disclaims any intention and assume no obligation to update or
revise any forward -looking statements to reflect ac tual results, whether as a result of new information, future
events, changes in assumptions, changes in factors affecting such forward -looking statements or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the
United States. The securities have not been and will not be registered under the U.S. Securities Act or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered 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 responsibility for the adequacy or accuracy of this release.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.