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Financings

Honey Badger increases placement to $2.25-million

By The Northwire Desk — AI Analysis Dec 31, 2025 · 17:44 TUF · 0.19 Honey Badger Silver Inc.
TUF · Price

Executive Summary

  • Honey Badger Silver Inc. has upsized its non-brokered private placement from an initial target of $1.5 million to approximately $2.25 million due to strong investor demand.
  • The offering consists of up to 12.5 million units priced at C$0.18 per unit, with net proceeds designated for advancing silver projects and general working capital.
  • An insider intends to subscribe for approximately 2.78 million units (approx. $500,000), constituting a related party transaction exempt from formal valuation and minority shareholder approval requirements under MI 61-101.

Key Details

  • Offering Size: Upsized to up to 12.5 million units.
  • Price: C$0.18 per unit.
  • Gross Proceeds: Up to approximately C$2.25 million.
  • Structure: Non-brokered private placement of units.
  • Use of Proceeds: Advancing the company's silver projects and for general working capital purposes.
  • Closing Date: Scheduled on or about January 16, 2026, subject to TSX Venture Exchange approval.
  • Hold Period: Four months plus one day statutory hold period in accordance with Canadian securities laws.
  • Insider Subscription: An insider intends to subscribe for approximately 2,777,778 units for gross proceeds of approximately $500,000.
  • Regulatory Status: The insider subscription is a related party transaction under Multilateral Instrument 61-101 but is exempt from formal valuation and minority shareholder approval requirements because the insider's subscription does not exceed 25% of the company's market capitalization.
  • Finders' Fees: The company anticipates paying a finders' fee in cash to certain eligible parties on a portion of the offering.
  • Previous Terms: Terms of the offering are otherwise unchanged from the announcement dated December 29, 2025.
Read the original news release →

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