Financings

Canadian Silver Hunter Announces Closing of Private Placement

By The Northwire Desk — AI Analysis Feb 26, 2026 · 18:12 AGH · 0.085

AGH · Price

Canadian Silver Hunter Inc. completed a non‑brokered private placement of 7,142,857 units at $0.07 per unit, raising gross proceeds of $500,000.
The units consist of one common share and one warrant (exercise price $0.10, 12‑month term); net proceeds will fund mineral exploration, development, and working capital.
Early warning reports were filed for three insiders—Jean‑David Moore & Annie Quimper (via 9558‑7226 Québec Inc.), Frank Guillemette, and the Acquirors—detailing their post‑offering ownership percentages (ranging from ~9.8% to 13.5%).

Offering Size: 7,142,857 units @ $0.07 per unit = $500,000 gross proceeds.
Unit Composition: 1 common share + 1 warrant per unit.
Warrant Terms: Exercise price $0.10 per share; exercisable for 12 months from the closing date.
Statutory Hold Period: All securities subject to a four‑month hold until June 27 2026.
Use of Proceeds: Mineral exploration and development; general working capital.

Indirectly acquired 1,000,000 units in the offering.
Pre‑offering ownership: 2,961,000 common shares (~10.38% undiluted).
Post‑offering ownership: 3,961,000 common shares + 1,000,000 warrants → ~11.11% undiluted / ~13.53% partially diluted.

Acquired 3,485,657 units in the offering (no prior holdings).
Post‑offering ownership: 3,485,657 common shares + 3,485,657 warrants → ~9.77% undiluted / ~17.81% partially diluted.

The private placement qualifies as a “related party transaction” under MI 61‑101 because the Acquirors are insiders.
Company relied on exemptions (sections 5.5(a) and 5.7(1)(a)) since fair market value of the participation does not exceed 25% of market capitalization.

(No direct quotes were provided in the release.)

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