Connect with us

Hi, what are you looking for?


Silver North Celebrates Completion of Private Placement’s Initial Phase!

Silver North, one of the leading names in the mineral and mining industry, is elated to announce the successful closing of the first tranche of its private placement, a significant milestone in the corporate journey. This achievement effects a significant boost for the company in ushering through its strategic expansion plans and championing its mission towards prosperity and growth.

Involved in the mining and exploration of precious and base metals, Silver North is well-known for its robust business model and a stellar track record in delivering high value to its investors. A seasoned player in the field, the company has consistently demonstrated a keen acumen for business development and strategic decisions, with the closing of the first tranche of its private placement being the recent manifestation.

The process of a private placement involves selling securities, typically shares, to a select group of investors, rather than through a public offering. These investors primarily constitute venture capitalists, private equity firms, or institutional investors. This strategy is often employed by companies seeking to raise capital to boost their operations, fund new projects or ventures, or expand their existing businesses.

In the case of Silver North, this placement allowed the firm to raise substantial funds swiftly without attracting the regulatory troubles that typically ensue from a public offering. Concisely, the successful closing of the first tranche has equipped the company with the necessary funds to scale its operations, invest in new ventures, and stay committed to its ongoing projects.

Moreover, it’s noteworthy that this move signifies how proactively Silver North is adapting to the global economic scene, particularly in these uncertain times. The world economy has faced unprecedented challenges due to COVID-19, leading to stunted growth and downturns in various sectors. Despite these turbulences, Silver North’s strategic maneuvering in raising capital through a private placement underlays their commitment to ensuring business continuity and economic growth.

The investors involved in the first tranche demonstrated their faith in the company’s ability to deliver on its promises. Their participation not only shows confidence in Silver North’s potential but also highlights the firm’s unyielding commitment to sky-rocketing their existing projects while nurturing newer ones.

Going granular into the details, the facilitation of this first tranche involved an issuance and sale of just over five million units at a price of twenty cents per unit. Each unit consisted of a common share in the capital of the company and half of one share purchase warrant. Importantly, every two full warrants will entitle the holder to purchase an additional common share at thirty cents

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Getchell Gold Corp, a junior miner exploring gold mining in Nevada, has just initiated trading on the Frankfurt Exchange under the symbol GGA1. Getchell...


    With government issues, i.e. bonds, it is essential to consider the “long term trend” in order to get the most benefit and create wealth...

    Latest News

    France has announced the release of François Santoni, a French official that had been held by Niger security forces since July 7. The French...


    Exploration results from the latest Bigfoot Drilling Program at the Tatiggaq Project in Canada’s Thelon Basin, Yukon-Northwest Territories region have demonstrated that the uranium...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023