Mr. Greg McKenzie of Silver Storm reports
SILVER STORM MINING AND TILL CAPITAL CORPORATION ANNOUNCE COMPLETION OF PLAN OF ARRANGEMENT
Silver Storm Mining Ltd. has acquired all of the issued and outstanding common shares of Till Capital Corp. pursuant to a court-approved plan of arrangement, whereby a wholly owned subsidiary of Silver Storm amalgamated with Till and all of the issued and outstanding common shares of Till were exchanged for units of Silver Storm, with each Till shareholder receiving 16.360 Silver Storm units for each Till common share previously held.
Each Silver Storm unit consists of:
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One common share in the authorized capital of Silver Storm;
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One-quarter of a purchase warrant to acquire one Silver Storm share for an exercise price equal to 25 cents, with an expiry date of Jan. 18, 2027; and
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One non-transferable contingent value right, entitling the holder to an additional cash payment equal to such holder's pro rata share of the proceeds from the sale of the company's 33.3-per-cent ownership interest in IG Far East LLC, if such sale occurs within 24 months of the effective date. If the CVR contingent event does not occur within such 24-month period, the CVRs will be cancelled without payment.
The arrangement became effective as of today's date by way of a three-cornered amalgamation under the provisions of the Business Corporations Act (British Columbia), whereby Till25 Capital Corp., a wholly owned subsidiary of Silver Storm, amalgamated with Till. All of the issued and outstanding Till shares following the amalgamation were exchanged for Silver Storm units on a 16.360-for-one basis. Pursuant to the arrangement, Silver Storm issued to the former holders to Till shares:
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A total of 52,211,558 Silver Storm unit shares;
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A total of 13,052,890 warrants;
- A total of 52,211,558 CVRs.
Upon completion of the arrangement, Silver Storm has 677,880,831 Silver Storm shares, 233,213,229 warrants, 19.7 million options and 52,211,558 CVRs issued and outstanding. All pre-existing directors and officers of Till resigned upon closing. The Till shares are expected to be delisted from the TSX Venture Exchange, effective as of the close of markets on July 21, 2025. Silver Storm shares will continue to trade on the TSX-V under the symbol SVRS.
Additional information about the arrangement
Further information regarding the arrangement is set out in the news releases of Silver Storm and Till dated May 5, 2025, and July 10, 2025, and which have been publicly filed by Silver Storm and Till under their respective profiles on SEDAR+ and the management information circular of Till dated June 5, 2025, which has been publicly filed under Till's profile on SEDAR+.
About Silver Storm Mining Ltd.
Silver Storm holds advanced-stage silver projects located in Durango, Mexico. In 2023, Silver Storm acquired 100 per cent of La Parrilla silver mine complex, a prolific past-producing operation composed of a 2,000-tonne-per-day mill, as well as five underground mines and an open pit that collectively produced 34.3 million silver equivalent ounces between 2005 and 2019. The company also holds a 100-per-cent interest in the San Diego project, which is among the largest undeveloped silver assets in Mexico.
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