Silver North Increases Oversubscribed Non-Brokered Private Placement to $650,000
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 24-04
Silver North Increases Oversubscribed Non-Brokered Private Placement to $650,000
Not for distribution to United States Newswire Services or for dissemination in the United States.
Vancouver, BC, April 4, 2024 – Silver North Resources Ltd. (TSX-V: SNAG, OTCQB:
TARSF, Frankfurt: I90, “Silver North ” or the “ Company ”) is pleased to announce that the
non-brokered private placement of 5 million Units of the Company at a price of C$0.10 per
Unit for gross proceeds to the Company of up to $500,000 (the “ Offering ”) is fully subscribed
and the Company has increased to $650,000 for 6.5 million Units. The Company will close
the financing on or around April 10 th .
The Units to be issued consist of one common share and one non-transferable common
share purchase warrant allowing the holder to buy an additional share for each full warrant
held for a period of three years at $0.20 per additional share.
The closing of the Offering is subject to receipt of all necessary regulatory approvals
including the TSX Venture Exchange (the “TSX-V”). F inder’s fees of 7% in cash will be paid
to eligible parties. The securities issued with respect to the Offering will be subject to a hold
period of four months and one day in accordance with applicable securities laws.
This news release does not constitute an offer of securities for sale in the United States. The
securities being offered have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and such securities may not be offered or sold within the
United States absent U.S. registration or an applicable exemption from U.S. registration
requirements.
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) and the Tim silver project (under option to Coeur Mining, Inc.).
Silver North also holds gold and base metal projects in Yukon Territory, Colorado and Nevada
and is actively seeking partners for them. 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 US under the symbol “TARSF”, an d under the symbol “I90” on the
Frankfurt Stock Exchange.
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
Twitter: https://twitter.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 OBJECTIV ES OR EXPECTED RESULTS,
MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOO KING STATEMENTS ARE
BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO AL L OF THE RISKS AND
UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT,
ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCR IBED IN THE FORWARD-
LOOKING STATEMENTS.