- Hawthorn Resources (OTC:HWTNF) will change its name to Prince Silver Corp. and consolidate shares at a 1:0.75 ratio, effective July 11, 2025.
- Company to trade under the new symbol "PRNC" post-consolidation.
- Stampede AU to hold 32% of shares, subject to a one-year lock-up period and voting restrictions.
Hawthorn Resources (OTC:HWTNF) has announced significant corporate changes, including a rebranding to Prince Silver Corp. This name change, along with a 1:0.75 share consolidation, will take effect on July 11, 2025. The company will adopt the new trading symbol "PRNC" as it undertakes these transformations.
The transition accompanies an amended Share Exchange Agreement with Stampede Metals Limited, aimed at acquiring Stampede Metals Corporation. As part of this deal, Hawthorn Resources will issue 15,000,000 units at closing, with each unit consisting of one common share and 0.566666667 of a contingent value right, culminating in 8,500,000 Contingent Value Rights. Following the share consolidation and acquisition, the company anticipates having around 45,861,440 shares outstanding.
Stampede AU will emerge as a new Control Person by holding 32% of the company's outstanding shares, which will be subject to a one-year voluntary lock-up period. Additionally, the entity will adhere to voting restrictions during this time. The restructuring reflects Hawthorn's strategic alignment with the Prince Silver Project, a prominent silver asset in a globally recognized mining jurisdiction.
