Palamina closes Colt Silver spinout arrangement

Bitget2026/09/29 14:47

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Palamina Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202609291046NEWSFILECNPR____20260929_316531_1) on September 29, 2026, and is solely responsible for the information contained therein.

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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Palamina closes Colt Silver spinout arrangement

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