Silver Wolf Announces Closing of the Non-Brokered Private Placement
SWLF: TSX.V SWLFF: OTCQB
Silver Wolf Exploration Ltd. T (604) 682 3701
Suite 900-570 Granville Street F (604) 682 3600
Vancouver, BC V6C 3P1 www.silverwolfexploration.com
Not for distribution to United States newswire services or for dissemination in the United States.
December 20, 2021
SILVER WOLF ANNOUNCES CLOSING OF THE NON-BROKERED PRIVATE PLACEMENT
Silver Wolf Exploration Ltd . (TSX-V: SWLF)(OTCQB: SWLFF) (“Silver Wolf ” or the “Company”) is pleased to
announce that further to the Company’s press release dated November 15, 2021, the Company has closed its best
efforts non-brokered private placement (the “Private Placement”). The Private Placement financing consists of
790,000 “Units” at an offering price of $0.25 per share for aggregate gross proceeds of $197,500. Each Unit will
be comprised of one (1) common share of the Company and one half (½) of a non -transferable common share
purchase warrant " Warrant". Each whole Warrant will entitle the holder to purchase one additional common
share of the Company at an exercise price of $0.35 at any time up to 18 months following the date of issuance.
Two officers of the Company participated in the Private Placement, for a total of 70,000 Units. The participation
by insiders in the Private Placement is a related -party transaction, as defined under Multilateral Instrument 61 -
101. The transaction is exempt from the formal valuation and minority shareholder approval requirements of
MI61-101, as neither the fair market value of the securities being issued, nor the consideration being paid exceeds
25% of the Company’s market capitalization.
In connection with the closing of the Private Placement, the Company paid finder’s fee commissions of $5,250 to
Haywood Securities Inc. and $600 to Canaccord Genuity Corp.
The securities issued by the Company in connection with this financing will be subject to a 4 -month and a day
"hold period" expiring April 21, 2021, as prescribed by the policies of the TSX and applicable securities laws. The
terms of the Offering are also subject to the final acceptance by the TSX Venture Exchange. Conditional approval
was provided by the TSX on November 18, 2021.
The net proceeds of the Private Placement will be used for financing the ongoing drill program on the Ana Maria
property, Mexico, and the Company's general working capital requirements.
For further information please contact Silver Wolf Exploration Ltd. at ph. (604) 682-3701, or visit our website at
www.silverwolfexploration.com.
ON BEHALF OF THE BOARD
"Peter Latta"
________________________________
Peter Latta
President
News Release
Neither 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.