Hi Ho Silver to issue 900,000 consulting units

Jan 30, 2019

2019-01-29 17:04 ET – News Release

Mr. William Jorgenson reports

HI HO SILVER RESOURCES TO ISSUE CONSULTING UNITS

Hi Ho Silver Resources Inc. will issue 900,000 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 company also announced that it will be returning to treasury four million common shares that were previously issued pursuant to an agreement respecting the Norbeau property (see the company’s press release dated Aug. 2, 2017, for details respecting this agreement). The other party to the agreement has not fulfilled its obligations thereunder, and, therefore, the company is returning the four million shares to treasury. Following the issuance of the shares forming part of the consulting units and the return to treasury of the four million shares, the company will have 55,172,804 shares issued and outstanding.

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/