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Highlander Silver and Bear Creek Mining Enter into an Amended and Restated Arrangement Agreement to Remove Highlander Silver Shareholder Approval Requirement
All monetary amounts are expressed in Canadian dollars, unless otherwise indicated. Toronto, On...
About this update from Highlander Silver Corp
[{"type":"text","content":"Highlander Silver and Bear Creek Mining Enter into an Amended and Restated Arrangement Agreement to Remove Highlander Silver Shareholder Approval RequirementAll monetary amounts are expressed in Canadian dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - January 9, 2026) - Highlander Silver Corp. (TSX: HSLV) (\"Highlander Silver\") and Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) (\"Bear Creek\") announce today that they have entered into an amended and restated arrangement agreement dated January 9, 2026 (the \"A&R Arrangement Agreement\") amending and restating the arrangement agreement dated December 18, 2025 (the \"Original Agreement\") pursuant to which Highlander Silver will acquire all of the issued and outstanding common shares of Bear Creek (the \"Bear Creek Shares\") (that it does not already own) by way of statutory plan of arrangement under the Business Corporations Act (British Columbia) (the \"Arrangement\"). The Original Agreement provided for a special meeting of Highlander Silver's shareholders (the \"Highlander Meeting\") to be held for the purposes of approving the issuance of the common shares of Highlander (the \"Highlander Shares\") issuable pursuant to the Arrangement and pursuant to the exercise of the share purchase warrants of Bear Creek (the \"Bear Creek Warrants\") in accordance with their terms following the Arrangement, such special meeting to be held in accordance with the policies of the Toronto Stock Exchange (the \"TSX\"). At the time of entering into the Original Agreement, the maximum number of Highlander Shares issuable pursuant to: (i) the Arrangement - assuming the exercise, conversion or exchange for Bear Creek Shares of all of Bear Creek's outstanding stock options, restricted share units and deferred share units as of the date of the Original Agreement being ultimately exchanged for Highlander Shares pursuant to the Arrangement - and (ii) upon exercise of the Bear Creek Warrants in accordance with their terms following the Arrangement, in the aggregate, was expected to be in excess of 25% of Highlander Silver's issued and outstanding share capital at the effective time of the Arrangement, such that the Highlander Meeting would be required in order to comply with the policies of the TSX. Since entering into the Original Agreement, however, a...