Palamina closes Colt Silver spinout arrangement
Bitget2026/09/29 14:47- Palamina completed the spin-out of Colt Silver, effective Sept. 29, 2026, distributing 23,308,708 Colt shares to Palamina shareholders.
- Palamina retained 4,577,766 Colt shares; shareholders received 0.25 Colt share per Palamina share plus one new Palamina share per share.
- Colt Silver capital structure totals 50,355,421 shares outstanding, including 22,468,947 shares held by financing participants.
- The spin-out included conversion of $600,000 secured convertible debentures into 6,135,613 Colt shares at $0.10 per share.
- $2,450,000 subscription receipts converted at $0.15 per share, then exchanged into Colt shares via an amalgamation tied to the transaction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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