Quetzal Copper investor Sprott acquires shares in RTO

Executive Summary

• Investor Eric Sprott, through 2176423 Ontario Ltd., acquired 4,637,960 common shares of Silverco Mining Ltd., representing approximately 14.2% of the outstanding share capital.
• The acquisition was part of the closing of the reverse‑takeover transaction that renamed Quetzal Copper Corp. to Silverco Mining Ltd.
• The deemed consideration for the newly acquired shares totals $7,420,736; Sprott now holds a combined 7,104,960 shares (≈ 21.6% of outstanding shares) when including his pre‑transaction holding.

Key Details

• Acquisition Size: 4,637,960 common shares (≈ 14.2% of Silverco Mining’s outstanding shares).
• Acquirer: Eric Sprott, acting through 2176423 Ontario Ltd. (Toronto, ON).
• Transaction Context: Closing of the reverse‑takeover that converted Quetzal Copper Corp. to Silverco Mining Ltd.; shareholders of the target received 1.88 new shares per target share at a deemed price of $1.60 per share.
• Deemed Consideration: $7,420,736 for the newly acquired shares.
• Prior Ownership: Prior to the transaction, Sprott owned 2,467,000 common shares of the target (≈ 7.3% of outstanding).
• Total Post‑Transaction Holding: Approximately 7,104,960 shares (≈ 21.6% of Silverco Mining’s outstanding share capital).
• Purpose of Shares: Held for investment purposes; Sprott indicates a long‑term view and may acquire or dispose of additional securities in the future based on market conditions and strategic considerations.
• Regulatory Filing: An early warning report related to this acquisition will be posted on Silverco Mining’s profile on SEDAR+.

Notable Quotes

“I have a long‑term view of the investment and may acquire additional securities of Silverco Mining…or sell the securities depending on market conditions, reformulation of plans and/or other relevant factors.” – Eric Sprott

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