Silver Bow Mining Corp. has filed an amendment to the Asset Purchase Agreement regarding the acquisition of the Montana Tunnels Mine. The First Amendment to the Asset Purchase Agreement was entered into on October 20, 2026, with an effective date of October 14, 2026.
The agreement involves four parties: Silver Bow Mining Corp. and Silver Bow Tunnels Corp. (the “Buyers”), and Montana Goldfields, Inc. and Montana Tunnels Mining, Inc. (collectively the “Sellers”). The amendment modifies the terms of the Original Agreement, dated August 21, 2026.
Key changes to the agreement include:
- Definition of Outside Date: The definition of “Outside Date” was amended to mean the date that is 60 days following the delivery of audited financial statements of MTMI for its last two fiscal years.
- Proxy Statement Filing: The Company is required to prepare and file a preliminary proxy statement with the Commission within 5 Business Days following the delivery of the audited financial statements.
- Delivery of Financials: The Sellers agreed to use reasonable efforts to produce the audited financial statements of MTMI for its last two fiscal years, audited by an independent public accounting firm registered with the PCAOB, no later than October 31, 2026.
Except for the specific modifications noted above, the Original Agreement remains in full force and effect. The amendment is attached as Exhibit 10.1 to the filing.
