Honey Badger Silver on Track to Acquire 100% of Cachinal Silver-Gold Project in Chile
Honey Badger Silver on Track to Acquire 100%
of Cachinal Silver-Gold Project in Chile
Toronto, Ontario--(Newsfile Corp. - August 18, 2022) -
Honey Badger Silver Inc.
(TSXV: TUF) ("Honey
Badger" or the "Company") is pleased to announce that further to the Company's news release dated
June 10, 2022, it is on track to acquire 100% interest in the Cachinal De La Sierra Silver-Gold Project
("Cachinal" or the "Project"), located in the Cachinal de la Sierra area in Chile's Antofagasta Region II,
from
Aftermath Silver Ltd.
("Aftermath").
Chad Williams, the Company's Director and Non-Executive Chair commented,
"Honey Badger's
technical team is concluding its due diligence process and we are now aiming to finalize the definitive
agreement with Aftermath. We expect the transaction to close in September, subject to regulatory and
TSX Venture Exchange approval."
Honey Badger and Aftermath have also mutually agreed to extend the non-binding Term Sheet and
exclusivity end date to September 30, 2022, from August 15
th
, 2022.
ON BEHALF OF THE BOARD
Chad Williams
Director and Non-Executive Chair
About Honey Badger Silver Inc.
Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the
acquisition, development and integration of accretive transactions of silver ounces. The company is led
by a highly experienced leadership team with a track record of value creation backed by a skilled
technical team. With advanced projects in the southeast and south-central Yukon including the Plata
property 180 kms to the east of the Keno Hill silver district, and a dominant land position in Ontario's
historic Thunder Bay Silver District, Honey Badger Silver is positioning to be a top-tier silver company.
For more information, please visit our website above, or contact:
Ms. Christina Slater:
(647) 848-1009
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.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable
Canadian securities legislation that is based on expectations, estimates, projections and
interpretations as at the date of this news release. The information in this news release and any other
information herein that is not a historic fact may be "forward-looking information". Forward-looking
information are often identified by terms such as "may", "should", "anticipate", "will", "estimates",
"believes", "intends", "expects", and similar expressions which are intended to identify forward-looking
information as such. More particularly and without limitation, this news release contains forward-
looking information concerning the proposed acquisition by the Company of the Cachinal Project, the
proposed consideration and structure of such acquisition (including the mutual break fee payable in
certain circumstances), and the ability of the parties thereto to complete the proposed transaction on
the terms and timelines agreed. Although the Company believes that the assumptions and factors
used in preparing the forward-looking information in this news release are reasonable, no assurance
can be given that such events will occur in the disclosed timeframes or at all. The Company cautions
that all forward-looking information is inherently uncertain, and that actual performance may be
affected by a number of material factors, assumptions and expectations, many of which are beyond
the control of the Company, including: risks relating to failing to negotiate the definitive documentation
concerning the proposed acquisition of Cachinal on the terms expected or at all; risks relating to the
potential payment of the break fee in certain circumstances; risks relating to inability to secure
necessary third-party consents or regulatory or other governmental approvals on a timely basis, or at
all; general political risks and risks relating to changing laws, risks inherent with uncertain economic
conditions, among other risks and uncertainties. Accordingly, the reader is cautioned not to place
undue reliance on any forward-looking information contained in this news release. The forward-looking
information contained in this news release are made as of the date hereof, and the Company
disclaims any intention or obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/134188