Silver North Resources (TSX-V:SNAG) has raised C$370,050 ($415,350) closing its non-brokered private placement for Yukon exploration.
The company will issue 2.47 million units at an offer price of $0.15 per unit, comprising one share and one-half of a purchase warrant.
Warrant holders will be eligible to purchase one additional share at an exercisable price of $0.35 for two years from the date of issue.
The company first announced its plans to raise C$500,000 in this placement on 15 July.
As reported by Mining.com.au, this placement represents the third financing plan operated recently as a part of the company’s greater strategy to expedite exploration at the Haldane and GDR Projects in Yukon, Canada.
Silver North Resources is a Canadian explorer focused on the development of its Yukon assets.
Write to Maddison Elliott at Mining.com.au
Images: Silver North Resources
