Huldra completes C$6.89 million units sale with C$1.44 million tranche

Deal's proceeds to increase mill inventory from Treasure Mountain Mine

By Devika Patel

Knoxville, Tenn., Nov. 14 - Huldra Silver Inc. said that, due to market demand, it raised another C$1.44 million in a C$6.89 million non-brokered private placement of units. The deal priced for C$6.75 million on Sept. 17 and raised C$2.86 million on Oct. 1. The company settled a second tranche for C$1.49 million on Oct. 15 and a C$1.1 million third tranche on Oct. 23.

The company sold 5,099,600 units of one common share and one half-share warrant at C$1.35 per unit. It sold 2,116,118 units in the first tranche, 1,104,082 units in the second tranche, 815,400 units in the third tranche and 1,064,000 units in the fourth tranche.

Each whole warrant is exercisable at C$1.75 for six months. The strike price is a 17.45% premium to the closing share price of C$1.49 on Sept. 14.

Proceeds will be used to increase the mill inventory from the Treasure Mountain Mine and for debt repayment and general working capital.

Vancouver, B.C.-based Huldra explores and develops silver deposits.

Issuer:	Huldra Silver Inc.
Issue:	Units of one common share and one half-share warrant
Amount:	C$6,884,460
Units:	5,099,600
Price:	C$1.35
Warrants:	One half-share warrant per unit
Warrant expiration:	Six months
Warrant strike price:	C$1.75
Agent:	Non-brokered
Pricing date:	Sept. 17
Settlement dates:	Oct. 1 (for C$2,856,759), Oct. 15 (for C$1,490,511), Oct. 23 (for C$1,100,790), Nov. 14 (for C$1,436,400)
Stock symbol:	TSX Venture: HDA
Stock price:	C$1.49 at close Sept. 14
Market capitalization:	C$66.93 million

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