Bullboard - Stock Discussion Forum Silver Hammer Mining Corp C.HAMR

Alternate Symbol(s): HAMRF

Silver Hammer Mining Corp. is a junior resource exploration company. The Company is engaged in the acquisition and exploration of mineral property assets. The Company is focused on flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, as well as both the Eliza Silver Project and the Silverton Silver Mine. The Company’s portfolio also provides exposure to high... see more

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Silver Hammer Mining Corp > Silver Hammer Reaches Definitive Agreement

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Post by Betteryear2 on Sep 28, 2023 7:28pm

Silver Hammer Reaches Definitive Agreement

Vancouver, British Columbia--(Newsfile Corp. - September 28, 2023) - Silver Hammer Mining Corp. (CSE: HAMR) (the "Company" or "Silver Hammer") is pleased to announce that it has entered into a definitive share purchase agreement dated September 27, 2023 (the "Purchase Agreement") to acquire a 100% interest in the Shafter silver deposit (the "Shafter Project" or the "Project"), a previously producing high-grade silver mine located in Presidio County in Southwest Texas, from Aurcana Silver Corporation ("Aurcana") (the "Transaction"). The consideration to be paid by Silver Hammer for the Shafter Project includes cash of US$800,000 (less certain exclusivity fees and prepaid expenses), 23,000,000 shares, certain contingent payments (detailed below), and for the settlement of existing debt, the issuance of $4,000,000 in secured convertible debentures and 8,000,000 units (each comprising of a common share and ½ warrant at $0.33 for 2 years).

Silver Hammer Reaches Definitive Agreement to Acquire the Permitted Shafter Silver Mine Project and Announces Proposed Reorganization (newsfilecorp.com)

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