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Financings

Honey Badger Announces Non-Brokered Private Placement of up to $1.5 Million

By The Northwire Desk — AI Analysis Dec 29, 2025 · 09:21 TUF · 0.21 Honey Badger Silver Inc.
TUF · Price

Executive Summary

  • Honey Badger Silver Inc. announced a non‑brokered private placement to raise up to C$1.5 million by issuing up to 6,521,739 units at $0.18 per unit.
  • Each unit consists of one common share and one warrant (exercise price $0.23, 36‑month term).
  • Executive Chairman Chad Williams intends to purchase up to C$1 million of the units; the company also plans to grant 2 million stock options at an exercise price of $0.21 per share.

Key Details

  • Offering Size: Up to C$1,500,000 total gross proceeds.
  • Units Offered: Maximum of 6,521,739 units at $0.18 CAD each.
  • Unit Composition: 1 common share + 1 common share purchase warrant.
  • Warrant Terms: Right to buy one additional share at $0.23 per share; exercisable for 36 months from issuance; anti‑dilution adjustments apply.
  • Closing Date: Expected on or about 2026‑01‑16, subject to TSX Venture Exchange approval and regulatory clearance.
  • Related Party Participation: Chad Williams (Executive Chairman) may subscribe for up to C$1 million of units; transaction qualifies as a “related party transaction” under MI 61‑101 but is exempt from formal valuation or minority shareholder approval because the fair market value does not exceed 25 % of market cap.
  • Use of Proceeds: Advance silver projects and general working capital.
  • Statutory Hold Period: All securities issued will be subject to a four‑month hold period under Canadian securities law.
  • Finder’s Fee: Company anticipates paying a cash finder’s fee to eligible parties on a portion of the placement.
  • Additional Equity Incentive: Plan to grant an aggregate of 2 million stock options at $0.21 per common share, pending regulatory approval.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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