Business
Silver Storm Announces Acquisition of Till Capital
Silver Storm Mining Ltd. (“ Silver Storm ”) (TSX.V: SVRS | OTC: SVRSF | FSE: SV...
About this update from Silver Storm Mining Ltd.
[{"type":"text","content":"Silver Storm Announces Acquisition of Till Capital\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwpadl2 { padding-left: 10px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth17 { width: 17% }\n.bwwidth22 { width: 22% }\n.bwwidth25 { width: 25% }\n.bwwidth27 { width: 27% }\n.bwwidth9 { width: 9% }\n \n\n\n\n Silver Storm Mining Ltd. (“\n \n Silver Storm\n \n ”) (TSX.V: SVRS | OTC: SVRSF | FSE: SVR) is pleased to announce the Company has entered into a definitive arrangement agreement dated May 5, 2025 (the “\n \n Agreement\n \n ”) whereby Silver Storm will acquire 100% of the issued and outstanding shares of Till Capital Corp. (“\n \n Till\n \n ”) (TSX.V:TILL) pursuant to a Plan of Arrangement (the “\n \n Transaction\n \n ”).\n \n\n\n Transaction Highlights\n \n\n\n\n\n Enhances Silver Storm Liquidity Position\n \n – Transaction provides Silver Storm with additional cash liquidity of approximately C$6.2 million, a meaningful contribution towards the required capital expenditures for restarting La Parrilla.\n \n\n\n Provides a Portfolio of Mineral Investments and Royalties\n \n – Till holds a 51.8% majority interest in Silver Predator Corp. (TSXV:SPD) (“\n \n Silver Predator\n \n ”) which holds several prospective high-grade silver projects located in the Coeur d’Alene Silver District and Nevada, as well as a portfolio of royalty interests on mineral exploration properties.\n \n\n\n Consideration\n \n – On closing of the Transaction, Till shareholders (each, a “\n \n Till Shareholder\n \n ”) will receive approximately 15.874 Silver Storm units (each, a “\n \n Silver Storm Unit\n \n ”) for each Till common share held. Each Silver Storm Unit consists of:...