secwatch.observer — SEC 8-K summary
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Issuer:     SILVER BOW MINING CORP. (SBMT)
CIK:        0002067674
Form:       8-K
Filed at:   2026-10-08T21:19:14+00:00
Accession:  0001539497-26-002667
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Silver Bow Mining issues $5M note at SOFR+6.75% due March 31, 2027; raises CEO pay to $350K
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- On Oct. 2, 2026, Silver Bow sold a $5.0M secured promissory note to Ocean Partners UK Limited for $5.0M cash; it matures March 31, 2027, and pays 12-month SOFR +6.75%, monthly from Nov. 1, 2026.
- First-priority senior interest in the $28.58M Montana Goldfields note under the Aug. 21, 2026 asset purchase agreement for the Jefferson County Metallurgical Complex and Montana Tunnels Mine.
- Note does not amortize; if Complex closing precedes maturity, principal and interest credit against Ocean Partners' tranche A draw under the prepayment facility; otherwise lump sum due at maturity.
- Proceeds must be used solely to advance the Rainbow Block project and, when acquired, the Jefferson County Metallurgical Complex including the Montana Tunnels Mine.
- Compensation Committee set CEO C. Travis Naugle's salary at $350,000 effective May 1, 2026, plus a $250,000 one-time bonus and $100,000 annual Executive Chairman fee effective Oct. 3, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2067674/000153949726002667/0001539497-26-002667-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2067674/000153949726002667/n5138_x42-8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-26-002667

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