Silver Hammer Provides Update on Current Non-Brokered Private Placement and Announces Debt Settlements
Silver Hammer Mining Corp.
Suite 300‐1055 West Hastings Street,
V a n c o u v e r , B C
V6C 2E9
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SILVER HAMMER PROVIDES UPDATE ON CURRENT NON-BROKERED
PRIVATE PLACEMENT AND ANNOUNCES DEBT SETTLEMENTS
September 23, 2024 – Vancouver, BC – Silver Hammer Mining Corp. ( C S E : H A M R ) ( t h e
“Company” or “Silver Hammer”) continues to focus on 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”), which was previously announced on July 31, 2024.
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 C AN$0.07 for a period of three
years from the closing of the Offering.
To ensure that funds raised from the current private placement are directed to exploring the
Company’s high-grade 100% controlled silver projects in Idaho a nd Nevada, the Company
announces that, subject to regula tory approval, it intends to c omplete debt settlements (the
“Debt Settlements”) by the issuance of a total of 3,389,092 common shares at a deemed price
of $0.055 per share to settle de bts owing pursuant to past cons ulting and accounting services
provided to the Company for a total amount of CAN$186,400.02 (excluding GST).
“Silver Hammer’ s management is reducing a significant portion of th e Company’ s debt and
payables by accepting shares versus cash from the treasury to ensure funds from the ongoing
private placement are used for exploration at its permitted and drill ready high-grade silver
projects in Nevada and Idaho. Management’ s decision to build a significant share ownership
in the Company highlights our strong belief in the portfolio of projects and the discovery
potential,” commented Peter A. Ball, President & CEO of Silver Hammer Minin g. “The
Company appreciates the patience and support of our shareholders pushing forward in what
appears to be an emerging strong silver bull market.”
The securities issued in connection with the Debt Settlements will be subject to a statutory hold
period of four months and one day following the closing of the Debt Settlements in accordance
with applicable securities legislation.
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
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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” withi n the meaning of applicable Canadian securities
legislation. Forward-looking information in this press release includes, without limitation, 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 n ews release. These statements a re 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 m anage 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 t hese forward-looking statements. Any number of
factors could cause actual resu lts to differ materially from th ese forward-looking statements as well as future
results. Although the Company believes that the expectations re flected in forward looking statements are
reasonable, they can give no assu rances that the expectations of any forward-looking statements will prove to be
correct. Except as required by law, the Company disclaims any i ntention and assume no ob ligation to update or
revise any forward-looking stat ements to reflect actual 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 sol icitation of an offer to sell any of securities in the
United States. The securities have not been and will not be reg istered 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.