SILVER MOUNTAIN RESOURCES INC. ("AGMR") ("AGMR.WT") ("AGMR.WT.A")
BULLETIN TYPE: Prospectus-Unit Offering, New Listing-Warrants
BULLETIN DATE: February 23, 2023
TSX Venture Tier 2 Company
Prospectus-Unit Offering
The Company's Prospectus Supplement to the Short Form Base Shelf Prospectus dated November 9, 2022 dated February 6, 2023 was filed with and accepted by TSX Venture Exchange and the Short Form Base Shelf Prospectus was filed with and receipted by the Securities Commissions of Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Northwest Territories, Yukon and Nunavut and Labrador under Multilateral Instrument 11-102 - Passport System on November 10, 2022.
The Exchange has been advised that the closing of the offering occurred on February 9, 2023 for gross proceeds of $9,315,000.
Offering:
| 31,050,000 Units (including over-allotment option of 4,050,000 Units).
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| Unit Price:
| $0.30 per Unit. Each Unit consists of one class A common share and one half of one class A common share purchase warrant.
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| Warrant Exercise Price/Term:
| 15,524,998 share purchase warrants to purchase 15,524,998 class A common shares, with each warrant being exercisable into one class A common share at $0.45 per share until 5:00 p.m. (Toronto time) on February 9, 2026.
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| Agent(s):
| Sprott Capital Partners LP, Eight Capital, Canaccord Genuity Corp. and Research Capital Corporation.
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| Agent(s) Commission:
| An aggregate of $446,937.51 in cash.
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New Listing-Warrants
Effective at the opening, Monday, February 27, 2023, the class A common share purchase warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a "Metal Ore Mining" company.
Corporate Jurisdiction:
| Canada
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| Capitalization:
| up to 15,525,000 warrants created and authorized, of which 15,524,998 are issued and outstanding
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| Warrants Exercise Price:
| $0.45 per class A common share until 5:00 p.m. (Toronto time) on February 9, 2026.
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| Transfer Agent:
| Odyssey Trust Company
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| Trading Symbol:
| AGMR.WT.A
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| CUSIP Number:
| 828042127
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The Warrants are governed by the terms of an indenture executed on February 9, 2023, between the Company and Odyssey Trust Company, as warrant agent pursuant to the Company's Prospectus Supplement dated February 6, 2023. Each whole warrant entitles the holder to purchase one class A common share of the Company at a price of $0.45 per share until 5:00 p.m. (Toronto time) on February 9, 2026.
For further details, please refer to the Company's Prospectus Supplement dated February 6, 2023, which is filed on SEDAR, and news releases dated February 2, 2023 and February 9, 2023. |
