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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, June 02, 2022 (GLOBE NEWSWIRE) — (CSE: HAMR/OTCQB: HAMRF) Silver Hammer Mining Corp. (the “Firm” or “Silver Hammer”) is happy to announce that it has closed its beforehand introduced brokered and a concurrent non-brokered personal placement (collectively, the “Providing”) for gross proceeds of $3,007,048.68. The brokered portion of the Providing (the “Brokered Providing”) was led by Echelon Wealth Companions Inc. (the “Agent”) and consisted of the sale of seven,325,286 models (the “Items”) for mixture gross proceeds of $2,783,608.68 at a value of $0.38 per Unit (the “Providing Worth”). Every Unit consisted of 1 Widespread Share (every, a “Widespread Share”, and collectively the “Widespread Shares”) and one-half of 1 Widespread Share buy warrant, (every complete warrant, a “Warrant” and collectively, the “Warrants”). Every Warrant entitles the holder thereof to amass one Widespread Share at a value of $0.50 per Widespread Share for a interval of 24 months from the cut-off date of the Providing.
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Beneath the non-brokered portion of the Providing the Firm raised gross proceeds of $223,440.00, via the sale of 588,000 Items on the Providing Worth. The Providing was introduced on Might 16, 2022.
The Warrants had been issued pursuant to a warrant indenture dated June 2, 2022 entered into between the Firm and Endeavor Belief Company, as warrant agent.
As consideration for Agent’s companies in reference to the Brokered Providing, the Agent acquired a money fee of $182,145.95, a money advisory charge of $8,900.00, and 502,831 dealer warrants, every exercisable to amass one Widespread Share on the Providing Worth for a interval of 24 months from the cut-off date of the Providing.
All securities issued pursuant to the Providing, together with any underlying securities, are topic to a four-month-and-one-day maintain interval in accordance with relevant Canadian securities legal guidelines.
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The online proceeds of the Providing can be used for the exploration of the Silver Strand Challenge in Idaho, the Eliza Silver Challenge in Nevada, the Silverton Silver-Gold Challenge in Nevada, and for common and dealing capital functions.
Administrators and officers of the Firm bought an mixture of 77,600 Items within the Providing. The participation by such insiders within the Providing constituted a “associated social gathering transaction” as outlined beneath Multilateral Instrument 61-101 – Safety of Minority Safety Holders in Particular Transactions.
The securities supplied pursuant to the Providing haven’t been, and won’t be, registered beneath the U.S. Securities Act, or any state securities legal guidelines, and, accordingly, will not be supplied or offered inside america, or to or for the account or advantage of individuals in america or “U.S. Individuals”, as such time period is outlined in Regulation S promulgated beneath the U.S. Securities Act, except registered beneath the U.S. Securities Act and relevant state securities legal guidelines or pursuant to an exemption from such registration necessities.
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About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior useful resource firm advancing the flagship past-producing Silver Strand Mine within the Coeur d’Alene Mining District in Idaho, USA, as nicely each the Eliza Silver Challenge and the Silverton Silver Mine in one of many world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Challenge in British Columbia, Canada. Silver Hammer’s major focus is defining and creating silver deposits close to past-producing mines that haven’t been adequately examined. The Firm’s portfolio additionally supplies publicity to copper and gold discoveries.
Ahead-Wanting Info
This launch could comprise forward-looking statements. Ahead-looking statements are statements that aren’t historic info and are typically, however not all the time, recognized by the phrases “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “initiatives”, “potential” and related expressions, or that occasions or circumstances “will”, “would”, “could”, “may” or “ought to” happen. Ahead-looking statements could embody, with out limitation, statements referring to the Providing and the usage of proceeds therefrom. The forward-looking statements contained on this press launch are expressly certified of their entirety by this cautionary assertion. All forward-looking statements on this press launch are made as of the date of this press launch. The forward-looking statements contained herein are additionally topic typically to assumptions and dangers and uncertainties which might be described every so often within the Firm’s public securities filings with the Canadian securities commissions. Though the Firm believes the expectations expressed in such forward-looking statements are based mostly on cheap assumptions, such statements are usually not ensures of future efficiency and precise outcomes could differ materially from these in ahead wanting statements. The Firm expressly disclaims any intention or obligation to replace or revise any forward-looking statements whether or not because of new info, future occasions or in any other case.
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On Behalf of the Board of Silver Hammer Mining Corp.
Morgan Lekstrom, President and CEO
Company Workplace: 551 Howe Road, Vancouver, British Columbia V6C 2C2, Canada
For additional info contact:
Kristina Pillon, President, Excessive Tide Consulting Corp.
T: 604.908.1695
E: traders@silverhammermining.com
For media inquiries, contact:
Adam Bello, Primoris Group Inc.
T: 416.489.0092
E: media@primorisgroup.com
The CSE doesn’t settle for accountability for the adequacy or accuracy of this launch. The Canadian Securities Alternate has neither accredited nor disapproved the contents of this press launch.
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