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Huldra Silver Announces Closing of Financing

Huldra Silver Inc. (HDA.V) has completed a first tranche of its previously announced private placement financing, issuing unsecured convertible debentures in the aggregate principal amount of $7,379,000.

The proceeds will be used for debt repayment and for general working capital purposes.

Huldra also announced that it has granted 500,000 stock options to certain employees and consultants of the company.

The company has received a mineral exploration tax credit for the 2011 calendar year in the amount of $771,481.26.

HAD shares were down a penny to $0.90.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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