McEwen Inc. (MUX): M&A transaction — McEwen Mining completes Timberline acquisition; exchange ratio 0.01 MUX per TLRS share

McEwen Inc.

Completed acquisition of Timberline Resources effective Aug 19, 2024; former Timberline shareholders receive 0.01 McEwen share per Timberline share held.
Timberline shareholders overwhelmingly approved the merger at a special meeting on Aug 16, 2024.
Timberline shares will be delisted from TSX Venture Exchange and OTCQB within five business days.
McEwen plans to advance the Eureka project in Nevada with additional drilling, permitting, and development planning.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

McEwen Inc. completed an acquisition involving Timberline Resources Corporation for 0.01 of a share of common stock of McEwen (closed 2024-08-19).

Action: acquisition
Counterparty: Timberline Resources Corporation
Consideration: 0.01 of a share of common stock of McEwen
Closing: 2024-08-19

Exact text from the filing

Time and in accordance with the Merger Agreement, each outstanding share of common stock of Timberline (each, a “ Timberline Share ”) was converted into the right to receive 0.01 (the “ Exchange Ratio ”) of a share of common stock of McEwen, no par value per share (each, a “ McEwen Share ”). Any stockholder of Timberline who would otherwise be entitled to

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Source: SEC EDGAR

accession 0001140361-24-037806

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