Silver North closes $370,050 private placement

Executive Summary

• Silver North Resources closed a non‑brokered private placement, raising $370,050 from the sale of 2,467,000 HD units at C$0.15 per unit.
• The offering included common shares and half‑share purchase warrants; each warrant is exercisable at C$0.35 for up to 48 months.
• Proceeds are earmarked for general & administrative expenses and further project pipeline development.

Key Details

• Units sold: 2,467,000 HD units (each = 1 common share + ½ purchase warrant).
• Price per unit: C$0.15.
• Gross proceeds: C$370,050.
• Warrant terms (HD units): Exercise price C$0.35; exercisable for 48 months from issue date.
• Finder’s fees paid: C$10,404 in cash plus 69,360 finder‑warrants (exercise price C$0.15, two‑year term).
• Holding period: All securities subject to a four‑month hold from closing date.
• Use of proceeds: General and administrative expenses; development of the project pipeline.

Flow‑through unit offering update * Previously announced FT unit offering (June 23 2025) targeted C$2.1 million at C$0.21 per unit; now fully subscribed.
Expected closing: mid‑August 2025.
FT unit composition: 1 common share + ½ purchase warrant (exercise price C$0.35, 48‑month term). Warrants issued on a non‑flow‑through basis.
* Purchasers may donate FT units to charities or sell them to third‑party investors.

Notable Quotes

(No direct quotes provided in the release.)