Huldra Announces Closing of $779,000 Private Placement
TSX-.V: HDA
NEWS RELEASE
HULDRA ANNOUNCES CLOSING OF $779,000 PRIVATE PLACEMENT
Vancouver, BC – May 5, 2010 – Huldra Silver Inc. (“Huldra” or the “Company”) today announces that it has closed a previously announced non-brokered private placement of 3,895,000 units at a price of $0.20 per unit for gross proceeds of $779,000. Each unit is comprised of one common share and one warrant, with each warrant exercisable into one common share until November 4, 2011 at an exercise price of $0.35 per share. A finder’s fee was paid in connection with the offering, consisting of a cash payment of $52,960 and the issuance of 264,800 warrants, exercisable at $0.20 per share until November 4, 2011. The shares and warrants are subject to a hold period expiring on September 5, 2010. The net proceeds to Huldra Silver Inc. were $725,640.
The proceeds of the private placement will be applied to corporate expenditures and working capital.
Issuance of Options
Huldra also announces that 150,000 stock options have been granted to a director of the Company. The options are exercisable at a price of $0.25 for a period of five years. The options are subject to the terms of the Company’s stock option plan.
On behalf of the Board of Directors
____“Magnus Bratlien___ Magnus Bratlien, President
For additional information contact:
Ryan Sharp, Director at 604-818-1486 Or email [email protected]
3475 West 34th Street www.huldrasilver.com Vancouver, BC V6N 2K5 [email protected]