- Honey Badger Silver (TUF) and Strategic Metals have mutually agreed to extend the deadline of their acquisition agreement by 30 days to May 31, 2021
- Once the acquisition is complete, Honey Badger Silver will own 100 per cent interest in the three properties
- The previously announced non-brokered flow-through private placement of up to $1.5 million is also being extended
- Honey Badger Silver is a Canadian silver company based in Toronto, Ontario that is focused on the acquisition, development, and integration of silver properties
- Honey Badger Silver Inc. (TUF) is down 3.45 per cent and is currently trading at $0.14 per share
The closing date for Honey Badger Silver’s acquisition of silver properties in the Yukon has been extended.
The extension to the previously announced closing date is due to administrative delays caused by COVID-19 measures, and the acquisition will now close on or before May 31, 2021.
In conjunction with the acquisition, the non-brokered flow-through private placement of up to $1.5 million is being extended under the same terms as announced on March 9, 2021.
The gross proceeds raised from the flow-through offering will be used to fund exploration programs in the company’s Thunder Bay District properties.
The Yukon properties present a strategic complement to Honey Badger Silver’s Thunder Bay portfolio and position the company to be a top-tier silver producer.
Once the acquisition is complete, Honey Badger Silver will own 100 per cent interest in the three properties.
Honey Badger Silver is a Canadian silver company based in Toronto, Ontario that is focused on the acquisition, development, and integration of silver properties.
Honey Badger Silver Inc. (TUF) is down 3.45 per cent and is trading at $0.14 per share as of 12:11 pm ET.