Silver North Resources (TSX-V:SNAG, OTCQB:TARSF) announced that it will raise $500,000 through a non-brokered private placement of 5 million units at C$0.10 each.
The silver explorer said each unit will consist of a share and a non-transferable share purchase warrant entitling the holder to purchase a share for $0.20 for three years.
The offering is expected to occur on or about April 10.