Honey Badger Silver Adds Yukon Discovery Expert to Board of Directors Extends Flow-Through Financing
June 24 2021 - 7:25AM
Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the
“Company”) is pleased to announce the appointment of Mr. W. Douglas
Eaton, B.A., B.Sc. to the Board of Directors effectively
immediately.
Chad Williams, Executive Chairman of Honey
Badger Silver commented, “We are very fortunate to have Doug join
the Honey Badger Board. He is renowned industry-wide for his
leading technical and geological expertise that has led to
significant discoveries, particularly in the Yukon where he will be
a tremendous support to our efforts and in building our silver
asset base.”
Mr. Eaton obtained a Bachelor of Science degree
in Geology from the University of British Columbia in 1980, and a
Bachelor of Arts degree from the University of Alberta in 1971. He
has been with consulting firm Archer, Cathro & Associates
(1981) Limited since 1971 serving as principal since 1981. He has
exceptional knowledge of Yukon geology and has contributed to
several important discoveries, including the Blende Ag-Pb-Zn
deposit, Marg Zn-Cu-Pb-Ag-Au, Klaza Au-Ag deposit and the Wolverine
Zn-Ag-Pb-Cu-Au deposit. He was a 2012 recipient of the H.H. “Spud”
Huestis Award for excellence in prospecting and exploration for his
role in the discovery and development of the Rackla Gold
Belt.
Mr. Eaton has served as a director and officer
of numerous public companies on the TSX Venture Exchange for over
three decades and is currently President and CEO of Strategic
Metals Ltd.
The Company also announces that Mr. Chad
Gilfillan has chosen to step down from the Board.
“Chad Gilfillan has been an extremely valuable
Board member and has contributed to the direction and growth of the
company. We are fortunate to have benefitted from his capital
markets expertise,” said Chad Williams, Executive Chairman and
Director of Honey Badger Silver.
Extension of Flow-Through
Financing
The Company also reports that it has extended
its Flow-Through Financing (the “FT Offering”) for aggregate
proceeds of $1.5 million. As previously announced, the FT Offering
consists of 10 million shares (the “Flow-Through Shares”) that
qualify as flow-through shares for purposes of the Income Tax Act
(Canada), at a price of $0.15 per Flow-Through Share.
The FT Offering is now expected to close on or
before July 23, 2021. The Company plans to pay finder's fees of up
to 7% in cash and 7% in finder's warrants in connection with the FT
Offering. Further information is available by contacting Ms. Anne
Mitchell of Grove Corporate Services Ltd. at anne@grovecorp.ca Tel:
(416) 642-1807, ext 309.
For more information, please visit our
new website at
http://www.honeybadgersilver.com. Or contact: Ms.
Christina Slater at cslater@honeybadgersilver.com.
About Honey Badger Silver
Inc.Honey Badger Silver is a Canadian Silver company based
in Toronto, Ontario focused on the acquisition, development, and
integration of accretive transactions of silver ounces. The company
is led by a highly experienced leadership team with a track record
of value creation backed by a skilled technical team. With a
dominant land position in Ontario’s historic Thunder Bay Silver
District and advanced projects in the southeast and south-central
Yukon, Honey Badger Silver is positioning to be a top tier silver
company. The Company’s common shares trade on the TSX Venture
Exchange under the symbol “TUF”.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Honey Badger Silver (TSXV:TUF)
Historical Stock Chart
From May 2024 to Jun 2024
Honey Badger Silver (TSXV:TUF)
Historical Stock Chart
From Jun 2023 to Jun 2024