Northwire Canada EditionFriday, November 13, 2026
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Financings

Honey Badger arranges $1.5-million private placement

By The Northwire Desk — AI Analysis Dec 29, 2025 · 16:18 TUF · 0.20 Honey Badger Silver Inc.
TUF · Price

Executive Summary

  • Honey Badger Silver Inc. announced a non-brokered private placement of up to $1.5 million CAD through the issuance of up to 6,521,739 units at $0.18 per unit.
  • Executive Chairman Chad Williams intends to participate in the offering with up to $1 million, constituting a related party transaction exempt from formal valuation and minority shareholder approval requirements.
  • The company also announced an intention to grant 2 million stock options at an exercise price of $0.21 per share, subject to regulatory approval.

Key Details

  • Financing Structure: Non-brokered private placement of up to $1.5 million CAD.
  • Units Issued: Up to 6,521,739 units.
  • Price: $0.18 CAD per unit.
  • Warrant Terms: Each unit includes one common share and one common share purchase warrant. Warrants allow acquisition of one additional common share at an exercise price of $0.23 CAD per warrant share for a period of 36 months from issuance, subject to customary anti-dilution adjustments.
  • Insider Participation: Executive Chairman Chad Williams intends to subscribe for up to $1 million CAD worth of units.
  • Use of Proceeds: To advance the company's silver projects and for general working capital.
  • Regulatory Status: Subject to TSX Venture Exchange approval and customary statutory hold periods (four months).
  • Related Party Transaction: The subscription by Mr. Williams is exempt from formal valuation and minority shareholder approval under Multilateral Instrument 61-101, as the value does not exceed 25% of the company's market capitalization.
  • Additional Corporate Action: Announcement of an intention to grant an aggregate of 2,000,000 stock options at an exercise price of $0.21 CAD per common share, subject to regulatory approval.
  • Finders' Fees: The company anticipates paying a finders' fee in cash to certain eligible parties on a portion of the placement.
Read the original news release →

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