- Honey Badger Silver (OTCQB: HBEIF) has completed its second tranche, raising $465,000 through 4.65 million units at $0.10 each.
- The company announces additional financing of up to $586,000, aiming for total financing of approximately $3.037 million across all tranches.
- Proceeds will be used for advancing company properties, purchasing silver royalties, and general administrative activities.
Honey Badger Silver Inc. (OTCQB: HBEIF) successfully closed the second tranche of its non-brokered private placement, securing $465,000 via the issuance of 4.65 million units at $0.10 per unit. Each unit comprises one common share and a half warrant, exercisable at $0.15 until January 16, 2027.
The company is further capitalizing on strong investor demand by announcing an additional financing round to raise up to $586,000 through 5.33 million units priced at $0.11 per unit. This additional offering is scheduled to close on or around July 23, 2025, subject to regulatory approval.
The cumulative funding from these tranches and previous rounds totals approximately $3.037 million. The initial tranche had already raised $1.986 million through flow-through shares and units.
Additionally, Honey Badger has allocated 4 million stock options to officers, employees, and consultants, each with an exercise price of $0.12 per share, a term of five years, and vesting half on the grant date and half six months thereafter.
The funding will facilitate the advancement of Honey Badger's mining properties, acquisition of silver royalties, and cover general and administrative expenses.
