SILVER BOW MINING CORP. Form 8-K — Oct 8, 2026
Form 8-KItems 1.01, 2.03, 5.02, 9.01Filed Oct 8, 2026, 5:19 PM ET0001539497-26-002667Original filing
Silver Bow Mining Corp. entered a Note Purchase Agreement on October 2, 2026, issuing a $5.0 million secured promissory note to Ocean Partners UK Limited for $5.0 million in cash. The note matures March 31, 2027 and bears interest at 12-month SOFR plus 6.75% per annum, payable monthly beginning November 1, 2026. The note is secured by a first-priority senior security interest in the company's $28.58 million promissory note from Montana Goldfields, Inc.
Key figures
- Debt Amount
- 5000000
- Interest Rate
- 12-month SOFR + 6.75% per annum (default rate: Interest Rate + 6%)
- Maturity Date
- 2027-03-31
- Ceo bonus
- $250,000 one-time discretionary cash bonus
- Ceo salary
- $350,000 (effective May 1, 2026)
- Collateral
- $28.58 million MTGF Note (first-priority senior security interest)
- Purchase price
- $5.0 million cash
- Prepayment penalty
- 1% of amount prepaid, 10 business days notice
- Executive chairman fee
- $100,000 annual (effective October 3, 2026)
AI analysis
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