There is an offering document relating to the Offering that can be accessed under the Company's profile at www.sedar.com and at www.silverhammermining.com. Prospective investors should read this offering document before making an investment decision.
Each Unit will consist of one common share of the Company (each a 'Common Share') and one-half of one common share purchase warrant (each full warrant, a 'Warrant' and collectively the 'Warrants'). Each Warrant will be exercisable at
The Offering will be conducted by
The Company has granted the Agents an option to arrange for the sale of up to an additional 15% of the Units at the Issue Price, exercisable in whole or in part at any time up to 48 hours prior to the Closing Date (the 'Agents' Option'), subject to limitations prescribed by the LIFE exemption.
At the closing of the Offering, the Company shall pay to the Agents a cash commission equal to 8.0% of the aggregate gross proceeds of the Offering (including any exercise of the Agents' Option) and will issue to the Agents a number of non-transferable warrants of the Company (the 'Broker Warrants') equal to 8.0% of the number of Units sold under the Offering (including any exercise of the Agents' Option), each Broker Warrant exercisable for a period of 24 months following the closing of the Offering to acquire a Common Share at an exercise price equal to the Issue Price, subject to adjustment in certain events.
The Company will use the net proceeds of the Offering for exploration at the Silver Strand project in
The Offering is expected to close on or about
About
Contact:
Tel: 778-344-4653
Email: peter@silverhammermining.com
Forward-Looking Statements
This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Forward-looking statements may include, without limitation, statements relating to the Offering and the use of proceeds therefrom. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company's public securities filings with the Canadian securities commissions. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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