Huldra Silver Inc. amends terms of secured convertible debenture private placement

VANCOUVER, B.C, August 25, 2014 – Huldra Silver Inc. (“Huldra” or the “Company“) announces that it has amended certain terms of its previously announced secured convertible debenture private placement to raise gross proceeds of up to $8,000,000 (the “Financing”) following further discussions with the TSX Venture Exchange (the “Exchange”). Under the amended terms, the Company seeks to complete the Financing by the issuance of secured convertible debentures (each, a “Debenture”) which are convertible into common shares of the Company (each, a “Share”) at a conversion price of $0.055 per Share prior to the maturity date of the Debentures instead of at $0.05 per Share as previously announced. All other terms of the Debentures and the Financing remain the same. For additional details regarding the Financing and the terms of the Debentures, see the Company’s news releases dated June 10, 2014 and August 8, 2014.

The closing of the Financing, including the First Tranche, remains subject to approval of the Exchange. The Company does not expect to pay any finder’s fees in connection with the Financing. All securities issued pursuant to the Financing are expected to be subject to a hold period of four months and one day. In addition, the Exchange may impose additional escrow requirements with respect to certain securities issued to insiders pursuant to the Financing.

On behalf of the Board of Directors:

Garth Braun
CFO & Director
For additional information:
Contact: Garth Braun
(604) 647-0142
garth@huldrasilver.com

Disclaimer for Forward-Looking Information

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events including: (i) that Huldra will be able to complete the Financing on the terms described herein, or at all, (ii) that holders of the Debentures will be able to convert the Debentures at the conversion price stated in this news release, (iii) that the Exchange will approve the Financing, (iv) that there will be no amendments to the terms of the Financing other than as stated in this news release, (v) that no finder’s fees will be payable in connection with the Financing, and (vi) that the resale restrictions on the securities to be issued pursuant to the Financing will be as stated in this news release. No assurance can be given that any of the events anticipated by the forward-looking statements will occur as planned or at all, or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company’s actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) that Huldra is unable to raise the funds necessary to complete the Financing, or that the Financing if completed, will not be completed on terms favourable to the Company, (2) that the Exchange may not approve the closing of the Financing, (3) that the resale restrictions on the securities, if any, issued pursuant to the Financing will be different than stated in this news release, and (4) other factors beyond the Company’s control. Readers are cautioned that the foregoing list of factors is not exhaustive. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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.