Honey Badger Silver Announces Closing of First Tranche of Non-Brokered Private Placement Raising Gross Proceeds of Approximately $2.013 Million
Honey Badger Silver (OTCQB: HBEIF) has successfully closed the first tranche of its non-brokered private placement, raising $2.013 million in gross proceeds. The offering consisted of 9.86 million non-flow-through units at $0.10 per unit and 4.93 million flow-through shares at $0.13 per share.
Each non-flow-through unit includes one common share and half a warrant, with each whole warrant exercisable at $0.15 until January 3, 2027. Notable investor Eric Sprott participated with a $500,000 investment in non-flow-through units. The proceeds will fund exploration programs in Yukon, Northwest Territories, and Nunavut, silver royalty purchases, and general administrative purposes.
Honey Badger Silver (OTCQB: HBEIF) ha completato con successo la prima tranche della sua collocazione privata senza intermediari, raccogliendo 2,013 milioni di dollari in proventi lordi. L'offerta comprendeva 9,86 milioni di unit脿 non flow-through a 0,10 dollari per unit脿 e 4,93 milioni di azioni flow-through a 0,13 dollari per azione.
Ogni unit脿 non flow-through include una azione ordinaria e mezza warrant, con ogni warrant intero esercitabile a 0,15 dollari fino al 3 gennaio 2027. L'investitore di rilievo Eric Sprott ha partecipato con un investimento di 500.000 dollari in unit脿 non flow-through. I proventi finanzieranno programmi di esplorazione nello Yukon, nei Territori Nordoccidentali e a Nunavut, acquisti di royalty sull鈥檃rgento e spese amministrative generali.
Honey Badger Silver (OTCQB: HBEIF) ha cerrado con 茅xito la primera tanda de su colocaci贸n privada sin intermediarios, recaudando 2.013 millones de d贸lares en ingresos brutos. La oferta consisti贸 en 9,86 millones de unidades no flow-through a 0,10 d贸lares por unidad y 4,93 millones de acciones flow-through a 0,13 d贸lares por acci贸n.
Cada unidad no flow-through incluye una acci贸n com煤n y media garant铆a, con cada garant铆a completa ejercitable a 0,15 d贸lares hasta el 3 de enero de 2027. El inversor destacado Eric Sprott particip贸 con una inversi贸n de 500.000 d贸lares en unidades no flow-through. Los fondos se destinar谩n a programas de exploraci贸n en Yukon, Territorios del Noroeste y Nunavut, compras de regal铆as de plata y gastos administrativos generales.
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Honey Badger Silver (OTCQB : HBEIF) a cl么tur茅 avec succ猫s la premi猫re tranche de son placement priv茅 sans interm茅diaire, levant 2,013 millions de dollars de produits bruts. L鈥檕ffre comprenait 9,86 millions d鈥檜nit茅s non flow-through 脿 0,10 $ l鈥檜nit茅 et 4,93 millions d鈥檃ctions flow-through 脿 0,13 $ l鈥檃ction.
Chaque unit茅 non flow-through comprend une action ordinaire et une demi-warrant, chaque warrant complet pouvant 锚tre exerc茅 脿 0,15 $ jusqu鈥檃u 3 janvier 2027. L鈥檌nvestisseur notable Eric Sprott a particip茅 avec un investissement de 500 000 $ en unit茅s non flow-through. Les fonds serviront 脿 financer des programmes d鈥檈xploration au Yukon, dans les Territoires du Nord-Ouest et au Nunavut, des achats de redevances sur l鈥檃rgent ainsi que des d茅penses administratives g茅n茅rales.
Honey Badger Silver (OTCQB: HBEIF) hat die erste Tranche seiner nicht 眉ber Makler abgewickelten Privatplatzierung erfolgreich abgeschlossen und dabei 2,013 Millionen US-Dollar Bruttoerl枚s erzielt. Das Angebot bestand aus 9,86 Millionen Non-Flow-Through-Einheiten zu je 0,10 US-Dollar und 4,93 Millionen Flow-Through-Aktien zu je 0,13 US-Dollar.
Jede Non-Flow-Through-Einheit umfasst eine Stammaktie und eine halbe Option, wobei jede ganze Option zu 0,15 US-Dollar bis zum 3. Januar 2027 ausge眉bt werden kann. Der namhafte Investor Eric Sprott beteiligte sich mit einer Investition von 500.000 US-Dollar in Non-Flow-Through-Einheiten. Die Erl枚se werden zur Finanzierung von Explorationsprogrammen in Yukon, den Nordwest-Territorien und Nunavut, dem Kauf von Silber-Royaltys sowie allgemeinen Verwaltungskosten verwendet.
- Raised significant capital of $2.013 million through private placement
- Strategic investment of $500,000 from prominent investor Eric Sprott
- Warrants provide potential additional capital at $0.15 per share until January 2027
- Flow-through shares offer tax benefits to Canadian investors
- Dilution of existing shareholders through issuance of 14.79 million new shares
- Four-month hold period restricts immediate trading of new securities
Toronto, Ontario--(Newsfile Corp. - July 3, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to announce that it has closed the first tranche of the non-brokered private placement previously announced on (the "First Tranche"), raising aggregate gross proceeds of approximately
Each NFT Unit consists of one non-flow-through common share of the Company (a "Unit Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one common share of the Company for an exercise price of
The Company will use the gross proceeds from the FT Offering to fund exploration programs to advance one or more of the Company's properties located in the Yukon, Northwest Territories, and Nunavut, and in particular to incur exploration expenses that qualify as "Canadian exploration expenses" as that term is defined in subsection 66.1(6) of the Income Tax Act (Canada) and as "flow-through mining expenditures" as that term is defined in subsection 127(9) of the Income Tax Act (Canada) provided that such definition is amended to extend the mineral exploration tax credit under the Income Tax Act (Canada) as announced by the Minister of Finance on March 3, 2025. Such expenses will be incurred on or before December 31, 2026, and renounced to the subscribers of FT Shares with an effective date no later than December 31, 2025. The Company intends to use the net proceeds from Unit Offering to fund programs to advance one or more of the Company's properties, the purchase of silver royalties and for general and administrative purposes.
In connection with the closing of the First Tranche, the Company paid aggregate cash finder's fees of
The securities issued in connection with the Offering are subject to a four-month and a day hold period under Canadian securities laws. The Offering is subject to receipt of the final approval of the TSX Venture Exchange. Additional finder's fees may be payable in connection with any subsequent tranches of the Offering which may be closed in the future.
Mr. Eric Sprott participated in the First Tranche of the Offering by investing
Caution to US Investors
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Honey Badger Silver Inc.
Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver (and 201.3 million pounds of zinc) Indicated and 13.9 Moz of silver (and 247.8 million pounds of zinc) Inferred (1)(3) located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc (2)(3). The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002 (2)(3). A qualified person has not done sufficient work to classify the foregoing historical resources as current mineral resources and the Company is not treating the estimates as current mineral resources. The historical resource estimates are provided solely for the purpose as an indication of the volume of mineralization that could be present. Additional work, including verification drilling / sampling, will be required to verify any of the historical estimates as a current mineral resources.
(1) Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver,
(2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver,
(3) Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman
Sonya Pekar
Investor Relations
[email protected] | +1 (647) 498-8244
For more information, please visit our website .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) including in respect of the use of proceeds of the Offering, the timing and closing of additional tranches, if any, the receipt of the final approval from the TSX Venture Exchange, if at all and the tax treatment of the FT Shares; are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Such factors include, but are not limited to, risks relating to capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR+ () under Honey Badger's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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FAQ
How much did Honey Badger Silver (HBEIF) raise in its latest private placement?
What is the exercise price and expiry date for HBEIF's new warrants?
How much did Eric Sprott invest in Honey Badger Silver's private placement?
What will Honey Badger Silver use the proceeds for?
What is the hold period for the new HBEIF securities?
