Hi Ho Silver closes $22,000 tranche of financing

Aug 31, 2018

2018-08-31 12:28 ET – News Release

Mr. William Jorgenson reports

HI HO SILVER RESOURCES CLOSES TRANCHE OF PRIVATE PLACEMENT

Further to its news release dated June 15, 2018, Hi Ho Silver Resources Inc. has closed a tranche of its non-brokered private placement for gross proceeds of $22,000 through the sale of 220,000 units at a price of 10 cents per financing unit. Each financing unit consists of one common share and one transferable common share purchase warrant exercisable for an additional share at an exercise price of 30 cents for one year following closing. The proceeds of the private placement will be used for general working capital. The securities issued in the private placement are subject to a four-month hold period expiring Jan. 1, 2019.

The company intends to continue to raise up to an additional $1.5-million under the private placement of financing units.

The company also announced that it has issued 760,000 units at a price of 10 cents per consulting unit to certain directors, officers and service providers of the company as payment for services rendered pursuant to their consulting agreements. Each consulting unit comprises one common share and one transferable common share purchase warrant to purchase one additional share at an exercise price of 30 cents per share for a period of two years from the date of issuance. The securities issued to the directors, officers and service providers are subject to a four-month hold period expiring Jan. 1, 2019.

About Hi Ho Silver Resources Inc.

Hi Ho Silver Resources is a Vancouver-based mineral exploration company dedicated to the exploration and development of precious metal and base metal mineral deposits and other mineral opportunities in North America and elsewhere.

We seek Safe Harbor.

http://www.hihoresources.com/news-releases/