Hi Ho Silver Resources Inc. (HHSRF)

[brodan66]

HI HO Silver Resources Inc ("HI HO Silver" or the Company) wishes to announce a non-brokered Private Placement of up to 1,500,000 units at $1.75 per unit for a proposed total of up to $2,625,000. Each unit will consist of one common share of the company and on non-transferable share purchase warrant. For each warrant the holder is entitled to purchase one additional common share of the company at a p;rice of $2.00for a period of two years following closing. The private placement is subject to regulatory approval. Proceeds of the Private Placement will be used for ongoing exploration expenditures on the Carmi Moly Project, B.C., and to fund additional spring/summer exploration programs on HI HO Silver's three other properties. In addition other projects will be looked at and evaluated as possible joint ventures of acquisitions in the future. Some funds will go to general working capital.


This is great news. The company now has the funds to move forward. I can't wait to see what they come up with.



Cheers.