Honey Badger Silver Inc. announced a non-brokered private placement to issue 3,600,000 flow through common share at a price of CAD 0.14 for the proceeds of CAD 504,000 and 15,000,000 non-flow-through unit at a price of CAD 0.10 for the proceeds of CAD 1,500,000; for the aggregate proceeds of CAD 2,004,000 on June 17, 2025. Each non-flow-through unit will consist of one non-flow-through common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share for an exercise price of CAD 0.15 for a period of 18 months from its date of issuance.
The securities issued in connection with the offering will be subject to a four-month-and-a-day hold period. The offering is expected to close on or about June 30, 2025. The transaction is subject to regulatory and stock exchange approval.
Finders' fees may be payable in connection with the offering. Chad Williams, is expected to participate in the financing by subscribing for CAD 300,000 of the NFT units and Eric Sprott is expected to participate in the financing by subscribing for CAD 500,000 of the NFT units. Certain insiders of the company are expected to participate in the offering.
