Hawthorn Resources Limited, operating under the name Prince Silver Corp., has announced a non-brokered private placement aiming to raise up to $1,250,000. The placement involves offering up to 3,125,000 units at $0.40 per unit. Each unit includes one common share and a half common share purchase warrant, with each full warrant allowing the purchase of an additional common share at $0.60 within a twelve-month period. The company plans to allocate the net proceeds towards exploration and development of its wholly-owned Prince Silver Project and for general corporate purposes. The private placement is pending approval from the Canadian Stock Exchange, with certain statutory hold periods applicable to the securities issued. Additionally, eligible finders may receive a 7% finders' fee.