Gold prices bounce off 3-week lows; demand likely longer term
TORONTO - Silver Storm Mining Ltd. (TSX.V:SVRS), whose stock has surged over 127% year-to-date according to InvestingPro data, announced Thursday that shareholders of Till Capital Corporation (TSX.V:TILL) have approved the previously announced acquisition deal between the two companies.
The transaction, which was first disclosed on May 6, will see Silver Storm indirectly acquire 100% of Till Capital’s issued and outstanding common shares through a court-approved plan of arrangement.
The deal still requires several closing conditions to be met, including final approval from the Supreme Court of British Columbia and the TSX Venture Exchange. Till Capital plans to seek the court’s final order on July 15, with the transaction expected to close around July 17, 2025, assuming all conditions are satisfied.
Silver Storm Mining, which focuses on advanced-stage silver projects in Mexico, acquired the La Parrilla Silver Mine Complex in 2023. This past-producing operation includes a 2,000 tpd mill, five underground mines, and an open pit that collectively produced 34.3 million silver-equivalent ounces between 2005 and 2019. The company also holds the San Diego Project in Mexico.
The announcement is based on a press release statement from Silver Storm Mining.
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