Canadian Silver Hunter Announces Private Placement of Units

Executive Summary

• Canadian Silver Hunter Inc. announced a non‑brokered private placement of up to 7,142,857 units at $0.07 per unit, targeting gross proceeds of up to $500,000.
• Each unit consists of one common share and one warrant allowing purchase of an additional common share at $0.10 for twelve months after closing.
• Net proceeds will be used for mineral exploration/development projects and general working capital; the offering is subject to TSX Venture Exchange approval and statutory hold periods.

Key Details

• Offering Size: Up to 7,142,857 units (each unit = 1 common share + 1 warrant).
• Price per Unit: $0.07, yielding potential gross proceeds of up to $500,000.
• Warrant Terms: Each warrant permits purchase of one additional common share at $0.10 per share, exercisable for 12 months from the closing date.
• Use of Proceeds: Funding for development and mineral exploration activities and general working capital.
• Finder’s Fee: Company may pay a finder’s fee to qualified individuals associated with the offering.
• Statutory Hold Period: All securities subject to a hold period of four months and one day from closing, per applicable securities legislation.
• Closing Conditions: Completion contingent upon receipt of all required approvals, including TSX Venture Exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)