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Honey Badger Silver Announces Proposed Share Consolidation

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Honey Badger Silver Announces Proposed Share Consolidation






Honey Badger Silver Inc. (TSX-V: TUF) announces details of its proposal to consolidate all of the issued and outstanding Common Shares of the Company on the basis of one (1) New Common Share for every 5.7 old Common Shares, subject to the approval of shareholders at the upcoming meeting of shareholders to take place on December 15, 2022, as well as TSXV approval.


With currently 177,688,639 Common Shares issued and outstanding in the share capital of the Corporation, on a post-Consolidation basis the Company shall have approximately 31,173,445 Common Shares issued and outstanding. The purpose of the Consolidation is to adjust the number of outstanding common shares to levels that are better aligned with companies of Honey Badger Silver’s valuation and scope, with the potential to provide additional trading liquidity to investors.


The Consolidation will not materially affect the percentage ownership a shareholder has in the Corporation, nor impact on the respective voting rights and privileges. It simply increases a shareholder’s per share value proportionately through a reduction in the number of issued and outstanding shares. The name of the Company will remain unchanged after the Consolidation.


About Honey Badger Silver Inc.


Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With advanced projects in southeast and south-central Yukon and a significant land position in Ontario’s historic Thunder Bay Silver District, Honey Badger Silver is positioning to be a top-tier silver company.


Posted November 16, 2022

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