BULLETIN V2026-2375
SAFI SILVER CORP. ("SF")
BULLETIN TYPE: Warrant Price Amendment
BULLETIN DATE: July 17, 2026
TSX Venture Tier 2 Company
TSXV Venture Exchange has consented to the reduction in the exercise price of the following warrants:
Private Placement:
# of Warrants: 12,500,000
Expiry Date of Warrants: December 31, 2026 (amended from the original expiry date July 12, 2026)
Forced Exercise Provision: If the closing price for the Company's shares is $0.625 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise, the warrants will expire on the 31st day.
Original Exercise Price of Warrants: $1.50 per common share (post-Consolidation)
New Exercise Price of Warrants: $0.50 per common share (New)
These warrants were originally issued pursuant to a private placement of 25,000,000 common shares (pre-consolidation) and 12,500,000 share purchase warrants (pre-consolidation), which was accepted for filing by the Exchange effective July 18, 2023.
Following the consolidation of the common shares of the Company (the "Consolidation") on the basis of five (5) pre-Consolidation common shares for one (1) post-Consolidation common share, effective June 6, 2024, each of these 12,500,000 common share purchase warrants entitled the holder to purchase 0.2 of one (1) post-Consolidation common share at an adjusted exercise price of $1.50 per post-Consolidation common share. Pursuant to this warrant price amendment, the exercise price has been reduced to the new exercise price of $0.50 per post-Consolidation common share.
For more information, please refer to the Company's news release dated July 14, 2026.
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