Silver Storm Announces Acquisition of Till Capital
Toronto, Ontario, May 6, 2025: Silver Storm Mining Ltd. (“Silver Storm”) (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 “Agreement”) whereby Silver Storm will acquire 100% of the issued and outstanding shares of Till Capital Corp. (“Till”) (TSX.V:TILL) pursuant to a Plan of Arrangement (the “Transaction”).
Transaction Highlights
Enhances Silver Storm Liquidity Position – 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.
Provides a Portfolio of Mineral Investments and Royalties – Till holds a 51.8% majority interest in Silver Predator Corp. (TSXV:SPD) (“Silver Predator”) 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.
Consideration – On closing of the Transaction, Till shareholders (each, a “Till Shareholder”) will receive approximately 15.874 Silver Storm units (each, a “Silver Storm Unit”) for each Till common share held. Each Silver Storm Unit consists of:
One Silver Storm common share (each a “Silver Storm Share”);
One-quarter of one whole Silver Storm common share purchase warrants (each, a “Silver Storm Warrant”). Each Silver Storm Warrant shall entitle the holder to acquire one Silver Storm Share for an exercise price equal to C$0.25 (subject to TSX Venture Exchange (“TSXV”) approval) with an expiry date eighteen (18) months after the closing of the Transaction; and
One contingent value rights (each, a “CVR”), which is contingent on the sale of Till’s 33.3% ownership of IG Far East LLC (the “Contingent Event”), which will be eligible to convert into an additional cash payment on the achievement of the Contingent Event. The CVR’s will have a term of twenty-four months after the closing of the Transaction.
Transaction Supported by Board of Directors – The Transaction was unanimously approved the by the Board of Directors of both companies.
