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Hi Ho Silver closes final tranche of financing

Feb 7, 2017

HI HO SILVER RESOURCES ANNOUNCES CLOSING OF THIRD TRANCHE OF PRIVATE PLACEMENT

Further to the news releases dated Aug. 5, 2016, Oct. 7, 2016, and Nov. 9, 2016, Hi Ho Silver Resources Inc. has closed the third tranche of the non-brokered private placement that raised gross proceeds of $54,500 through sale of 545,000 units at a price of 10 cents per unit. Each unit comprises one postconsolidation common share of the issuer 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 one year from the closing date.

The proceeds of the private placement will be used for exploration of Hi Ho’s Canadian mineral properties and for general working capital. All securities issued in third tranche of the private placement will be subject to a statutory four-month hold period, expiring on May 19, 2017.

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 and base-metal mineral deposits in North America and elsewhere.

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