Business
Aftermath Silver Warrant Exercises & Option/RSU Grants
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Aftermath Silver Ltd. (TSXV:...
About this update from Aftermath Silver Ltd.
[{"type":"text","content":"Aftermath Silver Warrant Exercises & Option/RSU GrantsVancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF) (the \"Company\" or \"Aftermath Silver\") is pleased to announce that 13,212,301 of its outstanding warrants to purchase common shares of the Company have been exercised since March 18, 2025 for cash proceeds to the Company of C$4,572,888. The Company's 35c warrants have now expired. A total of 132,950 warrants expired unexercised and were cancelled.The Company intends to use the net proceeds to complete geological, metallurgical and engineering studies at the Berenguela Silver-Copper-Manganese project in southern Peru and for general working capital purposes.Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, exercised 2,000,000 warrants at 35 cents for total consideration of $700,000. Following the exercise, Mr. Sprott beneficially owns and controls 73,967,630 shares and 18,253,968 Aftermath warrants, representing approximately 24.3 per cent of the outstanding shares on a non-diluted basis and 28.6 per cent on a partially diluted basis assuming the exercise of such warrants. Stock Option & RSU Grants The Company has agreed to grant a total of 250,000 incentive options and 250,000 RSUs to 2 technical consultants. These options are exercisable into common shares of the Company at an exercise price of CAD$0.68 per share for a period of 5 years from the date of the grant. The Company has entered into an advisory agreement effective May 1, 2025 pursuant to which the advisors will provide the Company with advice on its European marketing strategy and introduce the Company to media representatives (\"Advisory Agreement\"). The Advisory Agreement has a term of six months, under which the Company agreed to issue to the advisors 100,000 RSUs and 50,000 options, which options have an exercise price of CAD$0.68 for a period of 5 years from the date of grant. The Company also entered into an agreement for investor relations and communication services with Feneck Consulting Group, LLC (the \"Feneck\") effective June 1, 2025 (the \"Feneck Agreement\"). The Feneck Agreement has a term of twelve months, under which the Company will pay to Feneck an aggregate of US$84,000 at a rate of US$7,000 per month. Feneck will provide on...