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  • Silver Hammer (HAMR) has announced a private placement for gross proceeds of up to C$3M
  • The company will use the funds for exploration in Idaho and Nevada as well as for general and working capital purposes
  • The offering is expected to close on or about June 2, 2022
  • Silver Hammer is a junior resource company active in Idaho, Nevada and B.C.
  • Silver Hammer (HAMR) is down by 9.57 per cent trading at $0.425 per share

Silver Hammer (HAMR) has announced a private placement for gross proceeds of up to C$3M.

It will offer up to 7,894,800 units priced at $0.38 per unit to accredited Canadian investors.

Each unit consists of one Silver Hammer common share and one-half of one common share purchase warrant.

Each warrant entitles the holder to acquire one common share priced at $0.50 for 24 months from closing.

The company will use the funds to explore the Silver Strand Project in Idaho, the Eliza Silver Project in Nevada, and the Silverton Silver-Gold Project in Nevada, as well as for general and working capital purposes.

Echelon Wealth Partners is leading the financing.

The over-allotment option is up to 15-per-cent of the units sold under the offering exercisable up to 48 hours prior to closing.

The offering is expected to close on or about June 2, 2022.

Silver Hammer is a junior resource company active in Idaho, Nevada and B.C.

Silver Hammer (HAMR) is down by 9.57 per cent trading at $0.425 per share as of 10:22 am EST.

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