Honey Badger Silver Provides Update on Non-Brokered Private Placement
Honey Badger Silver Inc. (TSXV:TUF) has announced updates to its non-brokered private placement, aiming to close with aggregate gross proceeds of $1,000,400. The offering consists of:
- 6,276,923 non-flow through units at $0.13 per unit for $816,000
- 1,152,500 flow-through shares at $0.16 per share for $184,400
Each NFT Unit includes one common share and one purchase warrant exercisable at $0.18 for 36 months. Proceeds from FT Shares will fund mining programs in Yukon, Northwest Territories, and Nunavut, while NFT Units proceeds will support property advancement and administrative purposes. The offering requires TSX Venture Exchange approval and includes a four-month hold period.
Honey Badger Silver Inc. (TSXV:TUF) ha annunciato aggiornamenti al suo collocamento privato non intermediato, puntando a chiudere con un incasso lordo aggregato di $1,000,400. L'offerta consiste in:
- 6,276,923 unità non flusso attraverso a $0,13 per unità per un totale di $816,000
- 1,152,500 azioni flusso attraverso a $0,16 per azione per un totale di $184,400
Ogni NFT Unit include una azione comune e un warrant di acquisto esercitabile a $0,18 per 36 mesi. I proventi delle azioni FT finanzieranno i programmi di estrazione nello Yukon, nei Territori del Nord-Ovest e nel Nunavut, mentre i proventi delle unità NFT supporteranno l'avanzamento delle proprietà e le spese amministrative. L'offerta richiede l'approvazione della TSX Venture Exchange e include un periodo di attesa di quattro mesi.
Honey Badger Silver Inc. (TSXV:TUF) ha anunciado actualizaciones a su colocación privada no mediada, con el objetivo de cerrar con ingresos brutos agregados de $1,000,400. La oferta consiste en:
- 6,276,923 unidades no fluidas a $0.13 por unidad para un total de $816,000
- 1,152,500 acciones de flujo a $0.16 por acción para un total de $184,400
Cada unidad NFT incluye una acción común y un warrant de compra que se puede ejercer a $0.18 durante 36 meses. Los ingresos de las acciones FT financiarán programas mineros en Yukon, Territorios del Noroeste y Nunavut, mientras que los ingresos de las unidades NFT apoyarán el avance de propiedades y fines administrativos. La oferta requiere la aprobación de la TSX Venture Exchange e incluye un período de bloqueo de cuatro meses.
허니 배저 실버 주식회사 (TSXV:TUF)가 브로커 없이 진행되는 프라이빗 플라세먼트 업데이트를 발표하며 총 $1,000,400의 수익을 목표로 하고 있습니다. 이번 공모는 다음과 같습니다:
- 6,276,923개의 비흐름 단위를 단가 $0.13에 판매하여 $816,000
- 1,152,500개의 흐름 단위를 단가 $0.16에 판매하여 $184,400
각 NFT 유닛은 1주식과 36개월 동안 $0.18에 행사할 수 있는 워런트를 포함합니다. FT 주식의 수익은 유콘, 노스웨스트 준주 및 누나부트의 광산 프로그램에 자금을 지원할 것이며, NFT 유닛의 수익은 자산 개발 및 관리 목적을 지원할 것입니다. 이 공모는 TSX 벤처 거래소의 승인이 필요하며, 4개월의 보유 기간이 포함됩니다.
Honey Badger Silver Inc. (TSXV:TUF) a annoncé des mises à jour concernant son placement privé non intermédié, visant à clôturer avec des produits bruts globaux de $1,000,400. L'offre se compose de :
- 6,276,923 unités non fluviales à $0,13 par unité pour un total de $816,000
- 1,152,500 actions fluviales à $0,16 par action pour un total de $184,400
Chaque unité NFT comprend une action ordinaire et un bon de souscription exerçable à $0,18 pendant 36 mois. Les produits des actions FT financeront des programmes miniers au Yukon, dans les Territoires du Nord-Ouest et au Nunavut, tandis que les revenus des unités NFT soutiendront l'avancement des propriétés et les objectifs administratifs. L'offre nécessite l'approbation de la TSX Venture Exchange et inclut une période de détention de quatre mois.
Honey Badger Silver Inc. (TSXV:TUF) hat Updates zu seiner nicht vermittelte Privatplatzierung bekannt gegeben, mit dem Ziel, einen Gesamtbruttoerlös von $1,000,400 zu erzielen. Das Angebot besteht aus:
- 6,276,923 Nicht-Flussdurchlauf-Einheiten zu $0,13 pro Einheit für insgesamt $816,000
- 1,152,500 Flussdurchlauf-Aktien zu $0,16 pro Aktie für insgesamt $184,400
Jede NFT-Einheit umfasst eine Stammaktie und einen Kaufoptionsschein, der für 36 Monate zu $0,18 ausgeübt werden kann. Die Erlöse aus den FT-Aktien werden Mining-Programme im Yukon, den Nordwest-Territorien und Nunavut finanzieren, während die Erlöse der NFT-Einheiten die Weiterentwicklung der Immobilien und administrative Zwecke unterstützen werden. Das Angebot erfordert die Genehmigung der TSX Venture Exchange und umfasst eine viermonatige Haltefrist.
- Raising $1,000,400 in new capital through private placement
- Warrant exercise price of $0.18 represents 38% premium to NFT unit price
- Company holds properties with significant historical resources: Sunrise Lake (26.7 Moz silver), Clear Lake (5.5 Moz silver)
- Dilution of existing shareholders through new share issuance
- Subject to four-month hold period limiting immediate liquidity
- Requires regulatory approval which may delay closing
Not for distribution to U.S. news wire services or dissemination in the United States
WHITE ROCK, BC / ACCESSWIRE / December 31, 2024 / Honey Badger Silver Inc. (TSXV:TUF) ("Honey Badger" or the "Company") provides further information respecting its non-brokered placement which was the subject of its news releases of November 21 and December 16, 2024 (the "Offering").
The Company intends to close on aggregate gross proceeds of
6,276,923 non-flow through units ("NFT Units") at a purchase price of
$0.13 per NFT Unit (the "NFT Offering Price") for gross proceeds of$816,000 ; and1,152,500 flow-through shares ("FT Shares") at a price of
$0.16 per FT Share (the "FT Offering Price") for gross proceeds of$184,400.
As previously described, the Company anticipates that, upon the closing of additional tranches, the Offering will consist of a combination of NFT Units at the NFT Offering Price, and FT Shares at the FT Offering Price.
Each NFT Unit will consist of one non-flow-through common share of the Company and one non-flow-through common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share of the Company for an exercise price of
Each FT Share will consist of one flow-through common share of the Company.
The Company will use the proceeds of the sale of FT Shares in the Offering to fund programs to advance one or more of the Company's properties located in the Yukon, Northwest Territories, and Nunavut that will qualify, once renounced, as "flow-through mining expenditures", as that term is defined in the Income Tax Act (Canada). The Company intends to use the net proceeds of the sale of the NFT Units to fund programs to advance one or more of the Company's properties and for general and administrative purposes.
The securities issued in connection with the Offering will be subject to a four-month and a day hold period. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange. Finder's fees will be payable in the Offering.
Caution to US Investors
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (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.
About Honey Badger Silver Inc.
Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver (and 201.3 million pounds of zinc) Indicated and 13.9 Moz of silver (and 247.8 million pounds of zinc) Inferred (1)(3) located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc (2)(3). The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002 (2,3). A qualified person has not done sufficient work to classify the foregoing historical resources as current mineral resources and the Company is not treating the estimates as current mineral resources. The historical resource estimates are provided solely for the purpose as an indication of the volume of mineralization that could be present. Additional work, including verification drilling / sampling, will be required to verify any of the historical estimates as a current mineral resources.
(1) Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver,
(2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver,
(3) Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO
For more information please visit our website www.honeybadgersilver.com or contact Mrs. Sonya Pekar for Investor Relations | spekar@honeybadgersilver.com | +1 (647) 498-8244.
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. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Such factors include, but are not limited to, risks relating to the anticipated completion of the Offering, capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR+ (www.sedarplus.ca) under Honey Badger's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. 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.
SOURCE: Honey Badger Silver Inc.
View the original press release on accesswire.com
FAQ
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