Silver Wolf increases financing to $2.12-million

Executive Summary

• Silver Wolf Exploration Ltd. has upsized its non-brokered private placement of units from a maximum of 10 million units to 14,166,665 units, increasing the maximum gross proceeds from $1.5 million to $2.125 million.
• The offering is priced at $0.15 per unit, with each unit consisting of one common share and one-half of one non-transferable warrant.
• Net proceeds will be primarily allocated to a 13-hole, 3,000-metre drill program at the Ana Maria property in Mexico, with remaining funds for general working capital.

Key Details

• Offering Size: Upsized to up to 14,166,665 units (previously max 10 million units).
• Minimum Subscription: 10 million units for gross proceeds of not less than $1.5 million.
• Price Per Unit: $0.15 CAD.
• Maximum Gross Proceeds: $2,125,000 CAD.
• Unit Composition: Each unit comprises one common share and one-half of one non-transferable common share purchase warrant.
• Warrant Terms: Each whole warrant entitles the holder to purchase one additional common share at an exercise price of $0.25 CAD. Warrants are exercisable for 36 months following issuance.
• Use of Proceeds:
  • Primary: Funding a 13-hole, 3,000-metre drill program at the skarn target on the central claim at the Ana Maria property in Mexico.
  • Secondary: General working capital requirements.
• Regulatory Status: Subject to acceptance by the TSX Venture Exchange; utilizing the listed issuer financing exemption.
• Insider Participation: Directors and/or officers may participate; such participation constitutes a related party transaction exempt from formal valuation and minority shareholder approval requirements under MI 61-101, as insider subscription/consideration will not exceed 25% of market capitalization.
• Resale Restrictions: Common shares issued to insiders may be subject to a four-month resale restriction under TSX-V policies.
• Jurisdiction: Offered in all Canadian provinces except Quebec, and in offshore jurisdictions/US to qualified institutional buyers (Rule 144A) and accredited investors (Regulation D).

Notable Quotes

• None provided in the text.