Silver Hammer Announces up to $3,000,000 Private Placement Led by Echelon Wealth Partners
NEWS RELEASE
SILVER HAMMER ANNOUNCES UP TO $3,000,000 PRIVATE PLACEMENT LED BY ECHELON WEALTH
PARTNERS
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
VANCOUVER, BC. – May 16 , 2022 – (CSE: HAMR/OTCQB: HAMRF) Silver Hammer Mining Corp. (the
“Company” or “ Silver Hammer”) is pleased to announce its intention to complete a brokered private
placement on a commercially reasonable efforts basis for gross procee ds of up to approximately
C$3,000,000 (the “Offering”). The Offering will be led by Echelon Wealth Partners Inc. as lead agent and
sole bookrunner (the “Agent”).
The Company will grant the Agent an option to increase the size of the Offering by up to 15% of the Units
sold under the Offering exercisable, in whole or in part, by the Agent upon written notice to the Company
at any time up to 48 hours prior to the final closing date of the Offering.
The Offering will consist of up to 7,894,800 units of the Company (each, a “ Unit”, and collectively the
“Units”) at a price of C$ 0.38 per Unit (the “ Offering Price”). Each Unit consists of one Common Share
(each, a “Common Share”, and collectively the “ Common Shares”) and one-half of one Common Shar e
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 C$ 0.50 per Common Share for a
period of 24 months from the closing date of the Offering . The Company will apply to list the Common
Shares (including the Common Shares underlying the Warrants and the broker warrants (as described
below)) on the Canadian Securities Exchange (“CSE”) upon closing of the Offering.
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 Silver -Gold Project in Nevada, and for general and working
capital purposes.
The Company will pay a cash commission to the Agent equal to 8.0% of the aggregate gross proceeds of
the Offering (4.0% from the sale of Units to purchasers identified on the Company’s president’s list) and
will issue broker warrants equal to 8.0% of the number of Units sold und er the Offering (4.0% of the
number of Units from the sale of Units to purchasers identified on the Company’s president’s list), each
exercisable to acquire one Common Share at $0.38 for a period of 24 months from the closing date of the
Offering.
Closing of the Offering is expected to occur on or about June 2, 2022.
The Units will be offered and sold by private placement in Canada to “accredited investors” within the
meaning of National Instrument 45 -106 – Prospectus Exemptions and other exempt purchasers in each
province of Canada and may be sold outside of Canada on a basis which does not require the qualification
or registration of any of the Common Shares or the Warrants comprising the Units in the subscriber’s
jurisdiction. The Company may also concurrently offer and sell Units outside of Canada on a non-brokered,
unregistered private placement basis to a limited number of “accredited investors” (as defined in
Regulation D under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)) with
whom the Company has substantive pre -existing relationships, in reliance on exemptions from the
registration requirements of the U.S. Securities Act and applicable state securities laws or in other
jurisdictions where permitted by law. The securities issued in the Offering will be subject to applicable
hold periods imposed under applicable securities legislation, including a hold period of 4 months and one
day from the date of issuance (the “Hold Period”).
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
described in this news release. Such securities 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 regis tered 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 company 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 most prolific mining jurisdictions 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
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", "e stimates", "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 proce eds therefrom. The
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, including the Company's short form prospectus. Although the
Company believes the expectations expressed in such forward -looking statements are based on
reasonable 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 adequacy or accuracy of this release. The Canadian
Securities Exchange has neither approved nor disapproved the contents of this press release.