- Silver Hammer Mining Corp. (HAMR) has closed its previously announced brokered and a concurrent non-brokered private placement for gross proceeds of $3,007,048.68
- Echelon Wealth Partners Inc. led the brokered portion of the offering
- The brokered portion of the offering consisted of the sale of 7,325,286 units for aggregate gross proceeds of $2,783,608.68 at a price of $0.38 per unit
- Each unit consists of one common share and one-half of one common share purchase warrant
- Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine
- Silver Hammer Mining Corp was down 1.09 per cent, trading at $0.455 at 10:24 ET
Silver Hammer Mining Corp. (HAMR) has closed a brokered and a concurrent non-brokered private placement for gross proceeds of $3,007,048.68.
Echelon Wealth Partners Inc. led the brokered portion of the offering and consisted of the sale of 7,325,286 units for aggregate gross proceeds of $2,783,608.68 at a price of $0.38 per unit.
Each unit consists of one common share and one-half of one common share purchase warrant.
Each warrant entitles the holder thereof to acquire one common share at a price of $0.50 per common share for a period of 24 months from the closing date of the offering.
Under the non-brokered portion of the offering the company raised gross proceeds of $223,440.00, through the sale of 588,000 units at the offering price. The offering was announced on May 16, 2022.
The warrants were issued in line with a warrant indenture dated June 2, 2022 entered into between the company and Endeavor Trust Corporation, as warrant agent.
All securities issued pursuant to the offering, including any underlying securities, are subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws.
The net proceeds of the offering will be used for the exploration of the Silver Strand Project in Idaho, the Eliza Silver Project in Nevada, the Silverton Silver-Gold Project in Nevada, and for general and working capital purposes.
Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada.
Silver Hammer Mining Corp was down 1.09 per cent, trading at $0.455 at 10:24 ET.
