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IMPACT Silver Proposes Extension of 2025 Share Warrants
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2025) - IMPACT Silver Corp. (TSXV: IPT) ...
About this update from Impact Silver Corp.
[{"type":"text","content":"IMPACT Silver Proposes Extension of 2025 Share WarrantsVancouver, British Columbia--(Newsfile Corp. - April 4, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) (\"IMPACT\" or the \"Company\") announces it has proposed an extension of 33,357,104 share warrants expiring in 2025 by 18 months subject to TSX Venture Exchange approval. The Company intends to extend the expiry date of a total of 30,903,012 share purchase warrants (the \"April Warrants\") by 18 months, such that they will expire on October 19, 2026. Each of these April Warrants originally entitled the holder thereof to acquire one common share of the Company at a price of $0.35 cents per common share until April 19, 2025. All other terms of the April Warrants, including exercise price, will remain the same. The April Warrants were issued pursuant to a private placement that closed on April 19, 2023.As part of the same financing in 2023, a second tranche closed May 3, 2023. The Company issued 2,454,092 share purchase warrants (the \"May Warrants\") with each May Warrant originally entitling the holder to purchase one common share of the Company at a price of $0.35 until May 3, 2025. These are also extended by 18 months, such that they will expire November 3, 2026.The extension of the expiry dates of the April Warrants and the May Warrants is subject to receipt of TSX Venture Exchange approval.A total of 100,000 April Warrants are held by a director of the Company. Therefore, the extension of the expiry date of these April Warrants constitutes a related party transaction as contemplated by Multilateral Instrument 61-101, Protection of Minority Shareholders in Special Transactions, and TSX-V Policy 5.9, Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by MI 61-101 can be relied upon as the fair market value of the April Warrants held by insiders does not exceed 25 per cent of the market capitalization of the Company. Upon receipt of the approval of the TSX-V of the warrant extensions, a material change report in respect of the warrant extension will be filed by the Company.ABOUT IMPACT SILVERIMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100...