Silver North Announces Closing of Final Tranche of Private Placement
Trading Symbol (TSX-V: SNAG)
410-325 Howe Street
Vancouver, British Columbia
Canada V6C 1Z7
Tel: (604) 687 3520
Fax: 1-888-889-4874
www.silvernorthres.com
NR 24-12
Silver North Announces Closing of Final Tranche of Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Vancouver, BC, July 18, 2024 – Silver North Resources Ltd. (TSX-V: SNAG, OTCQB:
TARSF) “Silver North” or the “Company”) is pleased to announce that it has closed the third and
final tranche (the “Final Tranche”) of its non-brokered private placement (the “Offering”) for gross
proceeds of $89,000. Further to the Company’s news releases dated June 21, 2024 and June
28, 2024, the Company has raised aggregate gross proceeds of $827,380 in the Offering.
In connection with the closing of the Final Tranche the Company issued 556,250 non-flow-through
units of the Company (the “ NFT Units”) at a price of $0.16 per NFT Unit for gross proceeds of
$89,000. Each NFT Unit is comprised of one common share in the capital of the Company (a
“Share”) and one common share purchase warrant (a “Warrant”) of the Company. Each Warrant
entitles the holder thereof to purchase one Share (a “ Warrant Share”) until July 18, 2028 at an
exercise price of $0.35 per Warrant Share.
The Company intends to use the proceeds from the Final Tranche for general corporate and
working capital purposes.
In connection with the closing of the Final Tranche the Company issued 10,937 finder’s warrants
(the “Finder’s Warrants”) and paid a cash commission of $1,750 to Canaccord Genuity Corp.
Each Finder’s Warrant entitles the holder thereof to purchase one Share (a “ Finder’s Warrant
Share”) at a price of $0.16 per Finder’s Warrant Share until July 18, 2025. The Finder’s Warrants
issued in connection with the Final Tranche are subject to a statutory hold period and may not be
traded until November 19, 2024, except as permitted by applicable securities legislation.
Subject to compliance with applicable regulatory requirements and in accordance with National
Instrument 45-106 – Prospectus Exemptions (“ NI 45-106”), a portion of the NFT Units, and the
charity flow-through units (“CFT Units” and together with the NFT Units, the “Offered Securities”)
were offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions
pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “ Listed Issuer
Financing Exemption”). Because a portion of the Offering was completed pursuant to the Listed
Issuer Financing Exemption, that portion of securities issuable from the sale of the Offered
Securities to Canadian resident subscribers in the Offering are not subject to a hold period
pursuant to applicable Canadian securities laws. 93,750 NFT Units sold in the Final Tranche were
issued pursuant to certain private placement exemptions under NI 45-106. Those NFT Units are
subject to a statutory hold period of four months and one day in accordance with applicable
Canadian securities laws. There is an offering document related to the Offering that can be
accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at
www.silvernorthres.com. Prospective investors should read this offering document before making
an investment decision.
The securities described herein have not been, and will not be, registered under the U.S.
Securities Act, as amended, or any state securities laws, and accordingly, may not be offered or
sold within the United States or the US persons except in compliance with the registration
requirements of the U.S. Securities Act and applicable state securities requirements or pursuant
to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to
buy any securities in any jurisdiction.
About Silver North Resources Ltd.
Silver North’s primary assets are its 100% owned Haldane silver project (next to Hecla Mining
Inc.’s Keno Hill Mine project), the Tim silver project (under option to Coeur Mining, Inc. in the
Silvertip/Midway District, BC and Yukon) and the GDR project also in the Silvertip/Midway district.
Silver North also plans to acquire additional silver properties in favourable jurisdictions.
The Company is listed on the TSX Venture Exchange under the symbol “SNAG”, trades on the
OTCQB market in the United States under the symbol “TARSF”, and under the symbol “I90” on
the Frankfurt Stock Exchange.
Mr. Jason Weber, P.Geo., President and CEO of Silver North Resources Ltd. is a Qualified
Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the
technical information contained in this release.
For further information, contact:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 807-7217
Fax: (888) 889-4874
To learn more visit: www.silvernorthres.com
X: https://x.com/SilverNorthRes
LinkedIn: https://www.linkedin.com/company/silvernorth-res-ltd/
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN
PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE
PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS.
FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO
ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT.
AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-
LOOKING STATEMENTS.