Announces Listing of Common Share Purchase Warrants
SILVER MOUNTAIN RESOURCES
ANNOUNCES LISTING OF COMMON SHARE
PURCHASE WARRANTS
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO
THE UNITED STATES
/
TORONTO
,
Feb. 27, 2023
/CNW/ - Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB:
AGMRF) (BVL: AGMR) ("
Silver Mountain
" or the "
Company
") is pleased to announce that the TSX
Venture Exchange (the "
TSXV
") has accepted for listing 15,525,000 class A common share
purchase warrants of the Company (the "
Warrants
") for trading on the TSXV. The Warrants were
issued on
February 9, 2023
pursuant to a prospectus supplement dated
February 6, 2023
, to the
Company's final short form base shelf prospectus dated
November 9, 2022
, forming part of a bought
deal offering of units by the Company (the "
Offering
"). For more information about the Offering,
please refer to the Company's news released dated
February 9, 2023
, which is available under the
Company's SEDAR profile at
www.sedar.com
.
Each Warrant entitles the holder thereof to purchase one class A common share in the capital of the
Company (a "
Common Share
") at a price of
$0.45
per Common Share until
February 9, 2026
. The
Warrants are governed by the terms of a warrant indenture dated
February 9, 2023
between the
Company and Odyssey Trust Company as warrant agent (the "
Warrant Indenture
"). For Further
details regarding the Warrants, please refer to the Warrant Indenture which is available under the
Company's SEDAR profile at
www.sedar.com
.
The Warrants are expected to commence trading on the TSXV at the open of markets on
February
27
, 2023 under the trading symbol "AGMR.WT.A".
About Silver Mountain Resources
Silver Mountain Resources Inc. is a silver explorer and mine developer planning to restart production
at the Reliquias underground mine and undertake exploration activities at its prospective silver
camps at the Castrovirreyna Project in Huancavelica,
Peru
.
For additional information in respect of the Castrovirreyna Project, please refer to the Company's
technical report, titled National Instrument 43-101 Technical Report—Castrovirreyna Project,
Peru
,
dated
October 6, 2021
, amended
November 18, 2021
, effective date
August 17, 2021
, available at
https://sedar.com
.
For further information about the Company's drill program, including cross sections of the main veins
with drill hole locations, please refer to the Company's corporate presentation, available on its
website at
agmr.ca
.
Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C. owns 100% of its concessions and
holds more than 36,000 hectares in the district of Castrovirreyna, Huancavelica,
Peru
.
Silver Mountain Resources Inc
82 Richmond Street East
Toronto, ON
M5C 1P1
(647) 262-4017
Forward Looking Statements
This news release contains forward-looking statements and forward-looking information within the
meaning of Canadian securities legislation (collectively, "
forward-looking statements
") that relate
to Silver Mountain's current expectations and views of future events. Any statements that express, or
involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or
performance (often, but not always, through the use of words or phrases such as "will likely result",
"are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated",
"intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical
facts and may be forward-looking statements and may involve estimates, assumptions and
uncertainties which could cause actual results or outcomes to differ materially from those expressed
in such forward-looking statements. No assurance can be given that these expectations will prove to
be correct and such forward-looking statements included in this news release should not be unduly
relied upon. These statements speak only as of the date of this news release. In particular and
without limitation, this news release contains forward-looking statements pertaining to the listing of
the Warrants on the TSXV.
Forward-looking statements are based on a number of assumptions and are subject to a number of
risks and uncertainties, many of which are beyond Silver Mountain's control, which could cause
actual results and events to differ materially from those that are disclosed in or implied by such
forward-looking statements. Such risks and uncertainties include, but are not limited to, failure to list
the Warrants on the TSXV, the impact and progression of the COVID-19 pandemic, and other
factors set forth under "
Statement Regarding Forward-Looking Information"
and "
Risk Factors
" in
the Company's final prospectus dated
January 26, 2022
available on the Company's profile at
www.sedar.com
. Silver Mountain undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as may be
required by law. New factors emerge from time to time, and it is not possible for Silver Mountain to
predict all of them, or assess the impact of each such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from those contained in any forward-
looking statement. Any forward-looking statements contained in this news release are expressly
qualified in their entirety by this cautionary statement.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies
of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE
Silver Mountain Resources Inc.
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For further information:
Alfredo Bazo, President, CEO & Director, [email protected]; Jean Pierre
Fort, Chief Financial Officer, [email protected]
CO: Silver Mountain Resources Inc.
CNW 07:00e 27-FEB-23