Huldra Silver plans C$10 million private placement of special warrants

Proceeds used to advance the Treasure Mountain project to production

By Devika Patel

Knoxville, Tenn., June 22 - Huldra Silver Inc. said it will conduct a C$10 million private placement of special warrants on a best-efforts basis.

Up to C$3 million of the warrants will be flow-through special warrants.

The special warrants are convertible into units of one common share and one two-year warrant. The flow-through special warrants are convertible into flow-through common shares.

The deal is being conducted by a syndicate of agents.

Proceeds will be used to advance the Treasure Mountain project towards production, for further exploration and resource expansion and for general working capital purposes.

Vancouver, B.C.-based Huldra is a silver explorer.

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