HDA.V: $0.04

HULDRA SILVER ANNOUNCES CLOSING OF FINANCING, GRANT OF STOCK OPTIONS AND RECEIPT OF MINERAL EXPLORATION TAX CREDIT

Not for Distribution to the United States wire services or dissemination in or into the United States

TSX-.V: HDA

 

NEWS RELEASE

 

HULDRA SILVER ANNOUNCES CLOSING OF FINANCING, GRANT OF STOCK OPTIONS AND RECEIPT OF MINERAL EXPLORATION TAX CREDIT

Vancouver, British Columbia – February 13, 2013 – Huldra Silver Inc. (TSX-V:HDA) (“Huldra” or the “Company”) is pleased to announce that it has completed a first tranche of its previously announced private placement financing (the “Financing”), as described in its news releases dated January 29, 2013, February 6, 2013 and February 12, 2013, pursuant to which it has issued unsecured convertible debentures (each,

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a “Debenture”) in the aggregate principal amount of $7,379,000. The Debentures have maturity dates of February 7, 2014, February 12, 2014 and February 13, 2014 and bear interest at the rate of 16% per annum payable at maturity of the Debenture. Pursuant to the terms of the Debentures, and subject to adjustment, the subscribers may convert all or

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any part of the principal amount outstanding under the Debentures into common shares in the capital of the Company (each, a “Share”) at a conversion price of $1.05 per Share and any accrued but unpaid interest thereon at the greater of $1.05 per Share and the Market Price (as defined in the policies of the TSX Venture Exchange) at the time of conversion. The Company expects to close additional tranches of the Financing in coming weeks.

In connection with the closing of the first tranche of the Financing, the Company paid aggregate cash commissions of $285,900.

The proceeds from the sale of the Financing will be used for debt repayment and for general working capital purposes.

All securities issued in connection with the Financing will be subject to a statutory four month hold period. None of the securities sold in connection with the Financing will be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Huldra also announces that it has granted 500,000 stock options to certain employees and consultants of the Company. Each option is exercisable into one common share of the Company (each, a “Share”) at a price of $0.95 per Share for a period of five years. The options are subject to the terms of the Company’s stock option plan.

The Company also announces that it has received a mineral exploration tax credit for the 2011 calendar year in the amount of $771,481.26.

On behalf of the Board of Directors of

 

HULDRA SILVER INC.

 

“Ryan Sharp”

Ryan Sharp, MBA

President, CEO & Director

 

For additional information contact:

(604) 647-0142

IR@huldrasilver.com

www.huldrasilver.com

 

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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