IMPACT Silver Proposes Extension of 2025 Share Warrants
IMPACT Silver Corp (ISVLF) has announced a proposed 18-month extension for its 2025 share warrants, subject to TSX Venture Exchange approval. The extension affects two tranches of warrants:
1. 30,903,012 April Warrants originally expiring April 19, 2025, will be extended to October 19, 2026
2. 2,454,092 May Warrants originally expiring May 3, 2025, will be extended to November 3, 2026
Both warrant types maintain their original exercise price of $0.35 per common share. The warrants were initially issued during a private placement in 2023. Notably, 100,000 April Warrants are held by a company director, constituting a related party transaction, though exempt from formal valuation and minority approval requirements as it represents less than 25% of the company's market capitalization.
IMPACT Silver Corp (ISVLF) ha annunciato un'estensione proposta di 18 mesi per i suoi warrant azionari del 2025, soggetta all'approvazione della Borsa di Toronto Venture. L'estensione riguarda due tranche di warrant:
1. 30.903.012 Warrant di Aprile che scadevano originariamente il 19 aprile 2025, saranno estesi al 19 ottobre 2026
2. 2.454.092 Warrant di Maggio che scadevano originariamente il 3 maggio 2025, saranno estesi al 3 novembre 2026
Entrambi i tipi di warrant mantengono il loro prezzo di esercizio originale di $0.35 per azione ordinaria. I warrant sono stati inizialmente emessi durante un collocamento privato nel 2023. È importante notare che 100.000 Warrant di Aprile sono detenuti da un direttore dell'azienda, costituendo una transazione con parti correlate, sebbene esente da valutazione formale e requisiti di approvazione da parte della minoranza poiché rappresenta meno del 25% della capitalizzazione di mercato dell'azienda.
IMPACT Silver Corp (ISVLF) ha anunciado una extensión propuesta de 18 meses para sus warrants de acciones de 2025, sujeta a la aprobación de la Bolsa de Valores de Toronto Venture. La extensión afecta a dos tramos de warrants:
1. 30.903.012 Warrants de Abril que originalmente expiraban el 19 de abril de 2025, se extenderán hasta el 19 de octubre de 2026
2. 2.454.092 Warrants de Mayo que originalmente expiraban el 3 de mayo de 2025, se extenderán hasta el 3 de noviembre de 2026
Ambos tipos de warrants mantienen su precio de ejercicio original de $0.35 por acción ordinaria. Los warrants fueron emitidos inicialmente durante una colocación privada en 2023. Es notable que 100.000 Warrants de Abril son poseídos por un director de la empresa, constituyendo una transacción con partes relacionadas, aunque exenta de evaluación formal y requisitos de aprobación de minorías ya que representa menos del 25% de la capitalización de mercado de la empresa.
IMPACT Silver Corp (ISVLF)는 2025년 주식 워런트의 18개월 연장 제안을 발표했으며, 이는 TSX 벤처 거래소의 승인을 받아야 합니다. 이 연장은 두 개의 트랜치에 영향을 미칩니다:
1. 30,903,012개의 4월 워런트는 원래 2025년 4월 19일에 만료되었으나, 2026년 10월 19일까지 연장됩니다.
2. 2,454,092개의 5월 워런트는 원래 2025년 5월 3일에 만료되었으나, 2026년 11월 3일까지 연장됩니다.
두 종류의 워런트는 모두 주당 $0.35의 원래 행사 가격을 유지합니다. 이 워런트는 2023년의 사모 배정 중에 처음 발행되었습니다. 특히, 100,000개의 4월 워런트는 회사 이사가 보유하고 있으며, 이는 관련 당사자 거래를 구성하지만, 회사의 시가 총액의 25% 미만을 차지하므로 공식 평가 및 소수 승인 요건에서 면제됩니다.
IMPACT Silver Corp (ISVLF) a annoncé une extension proposée de 18 mois pour ses bons de souscription d'actions de 2025, sous réserve de l'approbation de la Bourse de Toronto Venture. L'extension concerne deux tranches de bons :
1. 30.903.012 Bons d'Avril qui expiraient initialement le 19 avril 2025, seront prolongés jusqu'au 19 octobre 2026
2. 2.454.092 Bons de Mai qui expiraient initialement le 3 mai 2025, seront prolongés jusqu'au 3 novembre 2026
Les deux types de bons conservent leur prix d'exercice initial de $0.35 par action ordinaire. Les bons ont été initialement émis lors d'un placement privé en 2023. Il est à noter que 100.000 Bons d'Avril sont détenus par un directeur de l'entreprise, constituant une transaction avec des parties liées, bien qu'exempte d'évaluation formelle et d'exigences d'approbation des minorités, car cela représente moins de 25 % de la capitalisation boursière de l'entreprise.
IMPACT Silver Corp (ISVLF) hat eine vorgeschlagene 18-monatige Verlängerung für seine Aktienwarrants von 2025 angekündigt, die der Genehmigung der TSX Venture Exchange unterliegt. Die Verlängerung betrifft zwei Tranchen von Warrants:
1. 30.903.012 April-Warrants, die ursprünglich am 19. April 2025 ablaufen sollten, werden bis zum 19. Oktober 2026 verlängert.
2. 2.454.092 Mai-Warrants, die ursprünglich am 3. Mai 2025 ablaufen sollten, werden bis zum 3. November 2026 verlängert.
Beide Warrants behalten ihren ursprünglichen Ausübungspreis von $0.35 pro Stammaktie. Die Warrants wurden ursprünglich während einer Privatplatzierung im Jahr 2023 ausgegeben. Bemerkenswert ist, dass 100.000 April-Warrants von einem Unternehmensdirektor gehalten werden, was eine Transaktion mit verbundenen Parteien darstellt, jedoch von einer formellen Bewertung und den Anforderungen an die Genehmigung von Minderheiten befreit ist, da sie weniger als 25 % der Marktkapitalisierung des Unternehmens ausmacht.
- Extension provides additional 18 months for warrant holders to exercise their rights
- Maintains existing exercise price without dilutive adjustments
- Delay in potential warrant exercise proceeds for the company
- Related party involvement in warrant extension (director holds 100,000 warrants)
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces it has proposed an extension of 33,357,104 share warrants expiring in 2025 by 18 months subject to TSX Venture Exchange approval.
The Company intends to extend the expiry date of a total of 30,903,012 share purchase warrants (the "April Warrants") by 18 months, such that they will expire on October 19, 2026. Each of these April Warrants originally entitled the holder thereof to acquire one common share of the Company at a price of
As part of the same financing in 2023, a second tranche closed May 3, 2023. The Company issued 2,454,092 share purchase warrants (the "May Warrants") with each May Warrant originally entitling the holder to purchase one common share of the Company at a price of
The extension of the expiry dates of the April Warrants and the May Warrants is subject to receipt of TSX Venture Exchange approval.
A total of 100,000 April Warrants are held by a director of the Company. Therefore, the extension of the expiry date of these April Warrants constitutes a related party transaction as contemplated by Multilateral Instrument 61-101, Protection of Minority Shareholders in Special Transactions, and TSX-V Policy 5.9, Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by MI 61-101 can be relied upon as the fair market value of the April Warrants held by insiders does not exceed 25 per cent of the market capitalization of the Company. Upon receipt of the approval of the TSX-V of the warrant extensions, a material change report in respect of the warrant extension will be filed by the Company.
ABOUT IMPACT SILVER
IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.
- Royal Mines of Zacualpan Silver-Gold District: IMPACT owns
100% of the 211 km2 Zacualpan project in central Mexico where four producing underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million ozs silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details and QP statement). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13 million ounces of silver, generating revenue of more than$277 million , with no long-term debt.
- Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is ramping up production toward design capacity levels. Exploration potential at Plomosas is exceptional along the 6 km-long structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., a Director of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X (formerly Twitter) @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
O: (604) 681 0172 or inquiries@impactsilver.com
C: (778) 867-7909 Direct
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that are based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements regarding interpretation of drill results, activity at the projects and estimated timing thereof, the potential for defining and extending the known mineralization, exploration potential on the properties, and plans for drilling and future operations at the Company's projects or plans for financing.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitation, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, criminal activity, metal prices, political and economic factors, community relations, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, pandemics and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement or beliefs, opinions, projections or other factors, except as required by law.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company at Zacualpan and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101, the Company is required to disclose that it has not based its production decisions on NI 43-101 mineral resources or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
303-543 Granville Street
Telephone 604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247389
FAQ
What is the new expiry date for ISVLF's April 2025 warrants?
How many warrants are affected by ISVLF's extension proposal?
What is the exercise price for ISVLF's extended warrants?
Why doesn't ISVLF's warrant extension require minority shareholder approval?
