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Alaska Silver Announces Simplification of Capital Structure
Tucson, Arizona--(Newsfile Corp. - May 7, 2026) - Alaska Silver Corp. (TSXV: WAM) (the "Company," "Alaska Silver") announces that, in accordance with the Articles of the Company, it has simplified its dual-class share structure by eliminating the class of proportionate voting shares as an authorized class of shares and renaming the subordinate voting shares of the Company as "Common Shares" (the "Capital Alteration"). This change follows from the Company's conversion of all outstanding...
About this update from Alaska Silver Corp
Tucson, Arizona--(Newsfile Corp. - May 7, 2026) - Alaska Silver Corp. (TSXV: WAM) (the "Company," "Alaska Silver") announces that, in accordance with the Articles of the Company, it has simplified its dual-class share structure by eliminating the class of proportionate voting shares as an authorized class of shares and renaming the subordinate voting shares of the Company as "Common Shares" (the "Capital Alteration"). This change follows from the Company's conversion of all outstanding proportionate voting shares into subordinate voting shares on March 9, 2026 (see the Company's news release dated February 11, 2026). Kit Marrs, CEO, stated: "This is a clean reset for Alaska Silver. Our legacy dual-class structure—tied to our former Foreign Private Issuer status—no longer reflected who we are today. By moving to a single class of common shares, we're simplifying our story, improving accessibility, and positioning the stock for stronger liquidity. We believe this change makes Alaska Silver more investable and gives the market a clearer, more compelling view of our value. I wish to express my gratitude to our legacy shareholders who have worked with us through this long conversion process. As we launch our 2026 drilling program, this continues to be a pivotal time for our company in so many ways." The Common Shares are anticipated to begin trading on the TSX Venture Exchange under a new CUSIP (01176C208) and ISIN (CA01176C2085) as at the open of market on May 11, 2026. The stock symbol assigned to the Common shares (WAM) will not be affected by the change. The Capital Alteration has been effected by way of amendment to the Company's Notice of Articles and Articles and was approved by the board of directors of the Company on May 6, 2026. Registered shareholders who hold certificates or DRS (Direct Registration System) statements representing subordinate voting shares do not need to take any further action. Existing share certificates or DRS statements will still be valid in representing Common Shares. Beneficial holders who have questions regarding their Common Shares should contact their investment advisor or stockbroker for more information. Qualified Person Patrick Donnelly P.Geo, Executive Vice President of Alaska Silver, a Qualified Person under National Instrument 43-101, has reviewe...
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