TSX VENTURE COMPANIES
BULLETIN V2026-0736
BEAR CREEK MINING CORPORATION ("BCM") ("BCM.WT")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: February 27, 2026
TSX Venture Tier 1 Company
Plan of Arrangement:
TSX Venture Exchange has accepted for filing documentation pertaining to an arm's length arrangement agreement dated December 18, 2025, as amended and restated on January 9, 2026 (the "Arrangement Agreement") between Bear Creek Mining Corporation ("Bear Creek") and Highlander Silver Corp. ("Highlander"). On February 26, 2026, pursuant to the terms of the Arrangement Agreement and a court-approved plan of arrangement under Division 5 of Part 9 of the Business Corporations Act (British Columbia), Highlander completed the acquisition of all of the issued and outstanding common shares of Bear Creek (the "Arrangement") other than those already owned by Highlander.
Under the Arrangement, former Bear Creek shareholders received 0.1175 of a Highlander common share (each, an "Highlander Share") for each one Bear Creek share (each, a "Bear Creek Share") held.
Holders of Bear Creek common shares, options, restricted share units and deferred share units (collectively, the "Securityholders") approved the Arrangement on February 19, 2026 at a special meeting of Securityholders. The Supreme Court of British Columbia approved the Arrangement on February 23, 2026 and the Arrangement closed on February 26, 2026.
As part of the Arrangement, the common share purchase warrants of Bear Creek (symbol: BCM.WT) (the "Warrants") have been adjusted such that the Warrants are now exercisable to acquire 0.1175 of one Highlander Share, all pursuant to a supplemental warrant indenture dated February 26, 2026. No fractional Highlander Shares will be issued on exercise of the Warrants and therefore the Warrants will need to be exercised in sufficient numbers to provide for the delivery of a whole number of Highlander Shares. All other material terms of the Warrants remain unchanged.
There is no change in the Warrants CUSIP number and trading symbol and no consolidation of capital.
Capitalization: 31,280,000 Warrants, authorized by a warrant indenture dated October 5, 2023, as supplemented by a supplemental indenture dated February 26, 2026, of which
16,142,070 Warrants are issued and outstanding.
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: BCM.WT (UNCHANGED)
CUSIP Number: 07380N187 (UNCHANGED)
No action is required by holders of Warrants with respect to the adjustments above under the Arrangement and the certificates currently representing the Warrants will continue to evidence the rights outlined above in respect of the Warrants until replaced against transfer.
For more details, please refer to Bear Creek's management information circular dated January 16, 2026 and Bear Creek and Highlander's joint news releases issued December 19, 2025, January 9, 2026 and February 26, 2026 each of which is available on SEDAR+.
Delisting:
In conjunction with the closing of the Arrangement, Bear Creek has requested that its common shares be delisted. Accordingly, effective at the close of business, Monday, March 2, 2026, the common shares of Bear Creek will be delisted from the Exchange and the Warrants will remain trading.
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