Honey Badger Silver Announces Closing of Upsized Non-Brokered Private Placement Financing
Honey Badger Silver (OTCQB: HBEIF) has successfully closed an upsized non-brokered private placement, raising $630,205.92 through the issuance of 5,729,145 units at $0.11 per unit. Each unit includes one common share and half a warrant, with warrants exercisable at $0.15 for 18 months.
Combined with previous tranches, the company has raised a total of $3.081 million. The proceeds will fund property advancement programs, silver royalty purchases, and general administrative purposes. The company paid $10,500 in finder's fees and issued 95,455 finder's warrants exercisable at $0.15 until January 23, 2027.
Honey Badger Silver (OTCQB: HBEIF) ha completato con successo un collocamento privato non mediato e aumentato, raccogliendo 630.205,92 $ mediante l'emissione di 5.729.145 unità a 0,11 $ per unità. Ogni unità comprende una azione ordinaria e mezza warrant, con warrant esercitabili a 0,15 $ per 18 mesi.
Insieme alle tranche precedenti, la società ha raccolto un totale di 3,081 milioni di $. I proventi saranno destinati a programmi di sviluppo delle proprietà, acquisti di royalty sull'argento e spese amministrative generali. La società ha pagato 10.500 $ in commissioni di collocamento e ha emesso 95.455 warrant per i collocatori, esercitabili a 0,15 $ fino al 23 gennaio 2027.
Honey Badger Silver (OTCQB: HBEIF) ha cerrado con éxito una colocación privada no intermediada y ampliada, recaudando 630,205.92 $ mediante la emisión de 5,729,145 unidades a 0.11 $ por unidad. Cada unidad incluye una acción común y medio warrant, con warrants ejercitables a 0.15 $ durante 18 meses.
Sumando las emisiones anteriores, la compañía ha recaudado un total de 3.081 millones de $. Los fondos se destinarán a programas de avance de propiedades, compras de regalías de plata y gastos administrativos generales. La compañía pagó 10,500 $ en comisiones a intermediarios y emitió 95,455 warrants para intermediarios, ejercitables a 0.15 $ hasta el 23 de enero de 2027.
허니 배저 실버(OTCQB: HBEIF)는 중개인 없이 증액된 사모 배정을 성공적으로 마무리하여, 단위당 0.11달러에 5,729,145단위를 발행하여 630,205.92달러를 조달했습니다. 각 단위는 보통주 1주와 워런트 0.5개로 구성되며, 워런트는 0.15달러에 18개월간 행사할 수 있습니다.
이전 트랜치와 합쳐 회사는 총 308만 1천 달러를 조달했습니다. 자금은 자산 개발 프로그램, 은 로열티 구매, 일반 관리 비용에 사용될 예정입니다. 회사는 중개인 수수료로 10,500달러를 지급했으며, 행사 가격 0.15달러, 만료일 2027년 1월 23일까지인 중개인 워런트 95,455개를 발행했습니다.
Honey Badger Silver (OTCQB : HBEIF) a clôturé avec succès un placement privé non négocié et augmenté, levant 630 205,92 $ par l'émission de 5 729 145 unités à 0,11 $ par unité. Chaque unité comprend une action ordinaire et un demi-bon de souscription, les bons étant exerçables à 0,15 $ pendant 18 mois.
Avec les tranches précédentes, la société a levé un total de 3,081 millions $. Les fonds serviront à financer les programmes d'avancement des propriétés, les achats de redevances sur l'argent et les dépenses administratives générales. La société a payé 10 500 $ en frais d'intermédiaire et émis 95 455 bons d'intermédiaire exerçables à 0,15 $ jusqu'au 23 janvier 2027.
Honey Badger Silver (OTCQB: HBEIF) hat eine aufgestockte, nicht vermittelte Privatplatzierung erfolgreich abgeschlossen und dabei 630.205,92 $ durch die Ausgabe von 5.729.145 Einheiten zu je 0,11 $ pro Einheit eingenommen. Jede Einheit umfasst eine Stammaktie und eine halbe Option, wobei die Optionen für 18 Monate zu 0,15 $ ausgeübt werden können.
Insgesamt hat das Unternehmen zusammen mit vorherigen Tranchen 3,081 Millionen $ aufgebracht. Die Erlöse werden für die Weiterentwicklung von Grundstücken, den Kauf von Silber-Royaltys und allgemeine Verwaltungskosten verwendet. Das Unternehmen zahlte 10.500 $ an Vermittlungsgebühren und gab 95.455 Vermittleroptionen aus, die bis zum 23. Januar 2027 zu 0,15 $ ausgeübt werden können.
- Successfully raised $630,205.92 in upsized financing due to strong investor demand
- Total fundraising reached $3.081 million across all tranches
- 18-month warrants provide potential additional capital at $0.15 per share
- Dilution of existing shareholders through new share issuance
- Four-month hold period restricts immediate trading of new shares
- Additional warrants could cause further dilution if exercised
Toronto, Ontario--(Newsfile Corp. - July 23, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to announce that it has closed the non-brokered private placement financing previously announced on July 17, 2025 (the "Additional Financing"). Due to strong investor demand, the Company upsized the Additional Financing, raising aggregate gross proceeds of
Combined with the
The Company intends to use the net proceeds from 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 Additional Financing, the Company paid aggregate cash finder's fees of
The securities issued in connection with the Additional Financing are subject to a four-month and a day hold period under Canadian securities laws. The Additional Financing is subject to receipt of the final approval of the TSX Venture Exchange.
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 Additional Financing and the receipt of the final approval from the TSX Venture Exchange, 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/259910
FAQ
How much did Honey Badger Silver (HBEIF) raise in its latest private placement?
What is the total amount raised by HBEIF across all recent financing tranches?
What are the terms of the warrants issued in HBEIF's private placement?
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What finder's fees did HBEIF pay for the private placement?
