Silver Storm Mining and Till Capital Corporation Announce Completion of Plan of Arrangement
Toronto, Ontario, July 18, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the “Company”) (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR) and Till Capital Corporation (“Till”) (TSX.V: TILL) are pleased to announce the successful acquisition by Silver Storm of all of the issued and outstanding common shares of Till pursuant to a court-approved plan of arrangement (the "Arrangement"), whereby a wholly-owned subsidiary of Silver Storm amalgamated with Till and all of the issued and outstanding common shares of Till (the "Till Shares") were exchanged for units of Silver Storm (each, a "Silver Storm Unit"), with each Till shareholder receiving 16.360 Silver Storm Units for each Till common share previously held.
Each Silver Storm Unit consists of:
One (1) common share in the authorized capital of Silver Storm (each a “Silver Storm Share”, with the Silver Storm Shares comprising part of the Units referred to as a “Unit Share”);
One-quarter (1/4) of a purchase warrant to acquire one (1) Silver Storm Share (each whole warrant, a “Warrant”) for an exercise price equal to C$0.25, with an expiry date of January 18, 2027; and
One (1) non-transferable contingent value right (each, a “CVR”) , 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% ownership interest in IG Far East LLC (the “CVR Contingent Event”), 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-1 basis. Pursuant to the Arrangement, Silver Storm issued to the former holders to Till Shares:
a total of 52,211,558 Silver Storm Unit Shares;
a total of 13,052,890 Warrants;
a total of 52,211,558 CVRs.
Upon completion of the Arrangement ("Closing"), Silver Storm has 677,880,831 Silver Storm Shares, 233,213,229 Warrants, 19,700,000 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 TSXV effective as of the close of markets on July 21, 2025. Silver Storm Shares will continue to trade on the TSXV under the symbol "SVRS".
