Honey Badger Silver Announces Closing of Second Tranche of Previously Announced Private Placement and an Incremental Financing
Honey Badger Silver (OTCQB: HBEIF) has completed the second tranche of its non-brokered private placement, raising $465,000 through the issuance of 4.65 million units at $0.10 per unit. Each unit includes one common share and half a warrant exercisable at $0.15 until January 16, 2027.
The company also announced an additional financing round to raise up to $586,000 through the issuance of 5.33 million units at $0.11 per unit. The first tranche previously raised $1.986 million through flow-through shares and units. Additionally, Honey Badger granted 4 million stock options to officers, employees, and consultants at $0.12 per share with a 5-year term.
Honey Badger Silver (OTCQB: HBEIF) ha completato la seconda tranche della sua collocazione privata non intermediata, raccogliendo 465.000 $ attraverso l’emissione di 4,65 milioni di unità al prezzo di 0,10 $ per unità. Ogni unità comprende una azione ordinaria e mezza warrant esercitabile a 0,15 $ fino al 16 gennaio 2027.
La società ha inoltre annunciato un ulteriore round di finanziamento per raccogliere fino a 586.000 $ mediante l’emissione di 5,33 milioni di unità al prezzo di 0,11 $ per unità. La prima tranche aveva precedentemente raccolto 1,986 milioni di $ attraverso azioni flow-through e unità. Inoltre, Honey Badger ha concesso 4 milioni di opzioni azionarie a dirigenti, dipendenti e consulenti a 0,12 $ per azione con una durata di 5 anni.
Honey Badger Silver (OTCQB: HBEIF) ha completado la segunda fase de su colocación privada sin intermediarios, recaudando 465.000 $ mediante la emisión de 4,65 millones de unidades a 0,10 $ por unidad. Cada unidad incluye una acción común y media garantía ejercitable a 0,15 $ hasta el 16 de enero de 2027.
La compañía también anunció una ronda adicional de financiamiento para recaudar hasta 586.000 $ mediante la emisión de 5,33 millones de unidades a 0,11 $ por unidad. La primera fase recaudó previamente 1,986 millones de $ mediante acciones flow-through y unidades. Además, Honey Badger otorgó 4 millones de opciones sobre acciones a directivos, empleados y consultores a 0,12 $ por acción con un plazo de 5 años.
허니 배저 실버 (OTCQB: HBEIF)는 브로커 없이 진행되는 두 번째 사모 투자 트랜치를 완료하여 46만 5천 달러를 모금했습니다. 465만 단위를 단위당 0.10달러에 발행했습니다. 각 단위는 보통주 1주와 2027년 1월 16일까지 행사 가능한 0.15달러 행사가격의 워런트 0.5주를 포함합니다.
회사는 추가로 최대 58만 6천 달러를 모금하기 위한 추가 자금 조달 라운드도 발표했으며, 533만 단위를 단위당 0.11달러에 발행합니다. 첫 번째 트랜치는 이전에 플로우스루 주식 및 단위를 통해 198만 6천 달러를 모금했습니다. 또한 허니 배저는 임원, 직원 및 컨설턴트에게 주당 0.12달러, 만기 5년인 400만 주의 스톡옵션을 부여했습니다.
Honey Badger Silver (OTCQB : HBEIF) a finalisé la deuxième tranche de son placement privé sans intermédiaire, levant 465 000 $ par l’émission de 4,65 millions d’unités à 0,10 $ par unité. Chaque unité comprend une action ordinaire et une demi-bons de souscription exerçable à 0,15 $ jusqu’au 16 janvier 2027.
La société a également annoncé une levée de fonds supplémentaire visant à collecter jusqu’à 586 000 $ par l’émission de 5,33 millions d’unités à 0,11 $ par unité. La première tranche avait précédemment permis de lever 1,986 million de $ via des actions flow-through et des unités. De plus, Honey Badger a accordé 4 millions d’options d’achat d’actions à des dirigeants, employés et consultants, au prix de 0,12 $ par action avec une durée de 5 ans.
Honey Badger Silver (OTCQB: HBEIF) hat die zweite Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und dabei 465.000 $ durch die Ausgabe von 4,65 Millionen Einheiten zu je 0,10 $ pro Einheit eingenommen. Jede Einheit umfasst eine Stammaktie und eine halbe Warrant, die bis zum 16. Januar 2027 zum Preis von 0,15 $ ausgeübt werden kann.
Das Unternehmen kündigte zudem eine zusätzliche Finanzierungsrunde an, um bis zu 586.000 $ durch die Ausgabe von 5,33 Millionen Einheiten zu je 0,11 $ pro Einheit zu beschaffen. Die erste Tranche hatte zuvor 1,986 Millionen $ durch Flow-Through-Aktien und Einheiten eingenommen. Zusätzlich gewährte Honey Badger 4 Millionen Aktienoptionen an Führungskräfte, Mitarbeiter und Berater zu einem Ausübungspreis von 0,12 $ pro Aktie mit einer Laufzeit von 5 Jahren.
- Total financing across tranches amounts to approximately $3.037 million
- Strong investor demand leading to additional financing round
- Long-term warrant exercise period until January 2027 provides future upside potential
- Flow-through shares in first tranche provide tax benefits to Canadian investors
- Significant dilution through multiple financing rounds
- Additional insider participation may raise governance concerns
- Warrants and options create potential future dilution
- Finder's fees and issuance costs reduce net proceeds
Toronto, Ontario--(Newsfile Corp. - July 17, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to announce that it has closed the second tranche of the non-brokered private placement (the "Offering") previously announced on June 17, 2025 (the "Second Tranche"), raising aggregate gross proceeds of
Each Unit consists of one common share of the Company 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 (each, a "Warrant Share") for an exercise price of
The Company is also pleased to announce that based on investor demand, it intends to complete an incremental non-brokered private placement offering (the "Additional Financing") of up to an additional 5,327,273 units (the "Additional Units") at a price of
The Additional Financing is expected to close on or about July 23, 2025, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.
The Company intends to use the net proceeds from the Second Tranche and the Additional Financing 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 Second Tranche, the Company paid aggregate cash finder's fees of
In addition, further to its news release dated July 3, 2025, the Company wishes to clarify that, under the first tranche of the Offering, it issued an aggregate of 7,692,353 common shares of the Company that will qualify as "flow-through shares" as defined in subsection 66(15) of the Income Tax Act (Canada) at a price of
The securities issued in connection with the Second Tranche are subject to a four-month and a day hold period under Canadian securities laws, and any securities to be issued in connection with the Additional Financing will be subject to a four-month and a day hold period from the date of issue.
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 the Additional Financing.
Certain insiders of the Company are expected to participate in the Additional Financing and as a result, the Additional Financing may constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions ("MI 61-101"). The Company expects to rely on the exemptions from the formal valuation requirements of MI 61-101 contained in section 5.5(a) and (b) of MI 61-101 on the basis that the fair market value of the transaction with related parties will not be more than
Grant of Options
The Company also announces that it granted an aggregate of 4,000,000 options to acquire common shares of the Company (the "Options") to certain officers, employees and/or consultants of the Company. The Options have an exercise price of
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
spekar@honeybadgersilver.com | +1 (647) 498-8244
For more information please visit our website www.honeybadgersilver.com
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+ (www.sedarplus.ca) 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259169
FAQ
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How will Honey Badger use the proceeds from its financing?
