Silver Hammer Mining Corp. announced a brokered private placement of up to 7,894,800 units at a price of CAD 0.38 per Unit for aggregate gross proceeds of up to CAD 3,000,024 on reasonable efforts basis on May 16, 2022. Each unit consists of one common share and one-half of one common share purchase warrant.

Each warrant entitles the holder thereof to acquire one common share at a price of CAD 0.50 per common share for a period of 24 months from the closing date of the offering. The offering is expected to close on or about June 2, 2022. The securities issued in the offering will be subject to applicable hold periods imposed under applicable securities legislation, including a hold period of 4 months and one day from the date of issuance.

The Company will grant the agent an option to increase the size of the offering by up to 15% of the units sold under the offering exercisable, in whole or in part, by the agent upon written notice to the Company at any time up to 48 hours prior to the final closing date of the Offering. The broker warrants exercisable to acquire one common share at $0.38 for a period of 24 months from the closing date of the offering. The Company may also concurrently offer and sell Units outside of Canada on a non-brokered, unregistered private placement basis to a limited number of “accredited investors” (as defined in Regulation D under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)) with whom the Company has substantive pre-existing relationships, in reliance on exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws or in other jurisdictions where permitted by law.

The company has raised CAD 117,630.23 pursuant to exemption provided under Regulation D from 4 investors.