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Prince Silver Corp. (OTC:HWTNF) has completed the acquisition of Stampede Metals Corporation from Stampede Metals Limited, marking a significant transformation for the company. The transaction includes the issuance of 15,000,000 Consideration Units to Stampede AU, which now holds a 32% controlling stake in the company.
The company has successfully converted its subscription receipts, raising gross proceeds of $3,997,975.05, and now has 45,861,440 common shares outstanding post-consolidation. The deal includes Contingent Value Rights that could convert into up to 8,500,000 Milestone Shares based on resource milestones.
Additionally, Prince Silver has filed a technical report for its Prince Silver Project in Nevada and appointed Robert Wrixon to its board of directors while announcing Samantha Shorter's resignation.
Hawthorn Resources (OTC:HWTNF) announced its corporate name change to Prince Silver Corp. with a new trading symbol "PRNC", effective July 11, 2025. The company will implement a 1:0.75 share consolidation on the same date.
Following the automatic conversion of subscription receipts, the company will issue 14,807,315 post-consolidation shares and 7,403,650 warrants exercisable at $0.40 until December 23, 2026. The securities are subject to a hold period ending October 24, 2025.
Hawthorn Resources (OTC:HWTNF) announced a significant corporate transformation, including a name change to Prince Silver Corp. and a 1:0.75 share consolidation, effective July 11, 2025. The company will trade under the new symbol "PRNC".
The company has amended its Share Exchange Agreement with Stampede Metals Limited for the acquisition of Stampede Metals Corporation. Key changes include issuing 15,000,000 units at Closing, with each unit comprising one common share plus 0.566666667 of a contingent value right, totaling 8,500,000 Contingent Value Rights. Post-consolidation and acquisition, the company will have approximately 45,861,440 shares outstanding.
Stampede AU will become a new Control Person, holding 32% of outstanding shares, subject to a one-year voluntary lock-up period and voting restrictions.
