Prince Silver Corp Completes Acquisition of Stampede Metals

Prince Silver Corp, previously known as Hawthorn Resources Corp, has finalized the acquisition of all shares of Stampede Metals Corporation, a Nevada-based company. This acquisition was executed through a Share Exchange Agreement. Following this transaction, Prince Silver issued securities, converted subscription receipts into common shares and warrants, and submitted a technical report according to 43-101 Standards for Mineral Projects.

The company has undergone a name change and consolidation. Its shares now trade under the name Prince Silver Corp with the symbol "PRNC". The acquisition involved the issuance of 15,000,000 units to Stampede AU, with potential additional shares based on resource milestones. Stampede AU now holds about 32% of Prince Silver’s shares but plans to distribute these to its shareholders, relinquishing its controlling position.

The company appointed Robert Wrixon to its board, coinciding with the resignation of Samantha Shorter. Additionally, a new technical report was filed for Prince Silver Project in Nevada.