Original News Release
Silver North increases private placement to $2.25M
Mr. Jason Weber reports
SILVER NORTH ANNOUNCES INCREASE IN FLOW THROUGH SHARE PRIVATE PLACEMENT
Silver North Resources Ltd. has increased the non-brokered private placement, which is for aggregate gross proceeds of up to $2,250,500 from the sale of 6.43 million flow-through shares of the company to be sold at a price of 35 cents per FT share. Each FT share will be composed of one common share that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).
The offering is fully subscribed and will close shortly.
The company will use an amount equal to the gross proceeds from the sale of FT shares, pursuant to the provisions in the tax act, to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures as both terms are defined in the tax act related to the company's Yukon projects, on or before Dec. 31, 2026, and to renounce all of the qualifying expenditures in favour of the subscribers of the FT shares, effective Dec. 31, 2025.
About Silver North Resources Ltd.
Silver North's primary assets are its 100-per-cent-owned Haldane silver project (next to Hecla Mining Inc.'s Keno Hill mine project), the Tim silver project (under option to Coeur Mining Inc. in the Silvertip/Midway district, British Columbia and Yukon) and the GDR project also in the Silvertip/Midway district. Silver North also plans to acquire additional silver properties in favourable jurisdictions.
The company is listed on the TSX Venture Exchange under the symbol SNAG, trades on the OTCQB market in the United States under the symbol TARSF and under the symbol I90 on the Frankfurt Stock Exchange.
Jason Weber, PGeo, president and chief executive officer of Silver North, is a qualified person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release.
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