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Highlander Silver Receives Conditional Approval to List on the TSX, Files Base Shelf Prospectus and Establishes ATM Program as Longer Term Financial Alternatives
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSE...
About this update from Highlander Silver Corp
[{"type":"text","content":"Highlander Silver Receives Conditional Approval to List on the TSX, Files Base Shelf Prospectus and Establishes ATM Program as Longer Term Financial AlternativesNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES TORONTO, ON / ACCESS Newswire / April 10, 2025 / Highlander Silver Corp. (CSE:HSLV) (\"Highlander Silver\" or the \"Company\") is pleased to announce that it has received conditional approval to list its common shares on the Toronto Stock Exchange (the \"TSX\"), filed its base shelf prospectus and established an at-the-market program (\"ATM\") to provide longer term financial alternatives. The Company has no near-term intention of offering shares under the ATM.As part of the Company's private placement that closed on March 11, 2025 (the \"Private Placement\"), the Company remains subject to a customary lock-up pursuant to which it has agreed not to issue common shares under an ATM or other standard financing transactions for 120 days from closing of the Private Placement.Final approval of the TSX listing is subject to the Company meeting certain customary conditions required by the TSX. The Company will issue a press release once the TSX confirms the date when trading of Highlander Silver common shares is expected to commence on the TSX. Upon completion of the final listing requirements, the Company's common shares will be delisted from the Canadian Securities Exchange (the \"CSE\").Shareholders are not required to exchange their share certificates or take any other action in connection with the TSX listing, as there will be no change in the trading symbol or CUSIP for the common shares.Highlander Silver has filed a short form base shelf prospectus (the \"Base Shelf Prospectus\") with the securities commissions in each of the provinces and territories of Canada.The Company entered into an equity distribution agreement dated April 10, 2025 (the \"Equity Distribution Agreement\") providing for the ATM with a syndicate of agents comprised of BMO Capital Markets, Canaccord Genuity Corp., Haywood Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Stifel Nicolaus Canada Inc., TD Securities Inc., and Ventum Financial Corp. (collectively, the \"Agents\"). The ATM is establishe...