4//SEC Filing
TEG Global GP Ltd. 4
Accession 0001493152-20-020397
CIK 0001517006other
Filed
Nov 2, 7:00 PM ET
Accepted
Nov 3, 4:25 PM ET
Size
30.8 KB
Accession
0001493152-20-020397
Insider Transaction Report
Form 4
Electrum Silver US LLC
10% Owner
Transactions
- Other
Common Stock
2020-10-30+19,993,086→ 19,993,086 total - Conversion
Common Stock
2020-10-30+2,712,003→ 4,591,627 total - Other
Common Stock
2020-10-30+1,879,624→ 1,879,624 total - Other
Common Stock
2020-10-30−4,769,922→ 0 total - Conversion
Convertible Notes
2020-10-30−1→ 0 total→ Common Stock (2,712,003 underlying) - Other
Common Stock
2020-10-30−50,736,473→ 0 total
ESOF II GP Ltd.
10% Owner
Transactions
- Other
Common Stock
2020-10-30−4,769,922→ 0 total - Other
Common Stock
2020-10-30+1,879,624→ 1,879,624 total - Other
Common Stock
2020-10-30+19,993,086→ 19,993,086 total - Conversion
Common Stock
2020-10-30+2,712,003→ 4,591,627 total - Other
Common Stock
2020-10-30−50,736,473→ 0 total - Conversion
Convertible Notes
2020-10-30−1→ 0 total→ Common Stock (2,712,003 underlying)
Electrum Group LLC
10% Owner
Transactions
- Other
Common Stock
2020-10-30−4,769,922→ 0 total - Other
Common Stock
2020-10-30−50,736,473→ 0 total - Other
Common Stock
2020-10-30+19,993,086→ 19,993,086 total - Conversion
Common Stock
2020-10-30+2,712,003→ 4,591,627 total - Conversion
Convertible Notes
2020-10-30−1→ 0 total→ Common Stock (2,712,003 underlying) - Other
Common Stock
2020-10-30+1,879,624→ 1,879,624 total
Electrum Strategic Management LLC
10% Owner
Transactions
- Other
Common Stock
2020-10-30+19,993,086→ 19,993,086 total - Conversion
Convertible Notes
2020-10-30−1→ 0 total→ Common Stock (2,712,003 underlying) - Other
Common Stock
2020-10-30−4,769,922→ 0 total - Conversion
Common Stock
2020-10-30+2,712,003→ 4,591,627 total - Other
Common Stock
2020-10-30−50,736,473→ 0 total - Other
Common Stock
2020-10-30+1,879,624→ 1,879,624 total
Transactions
- Other
Common Stock
2020-10-30−4,769,922→ 0 total - Other
Common Stock
2020-10-30+1,879,624→ 1,879,624 total - Conversion
Convertible Notes
2020-10-30−1→ 0 total→ Common Stock (2,712,003 underlying) - Other
Common Stock
2020-10-30+19,993,086→ 19,993,086 total - Other
Common Stock
2020-10-30−50,736,473→ 0 total - Conversion
Common Stock
2020-10-30+2,712,003→ 4,591,627 total
ELECTRUM GLOBAL HOLDINGS L.P.
10% Owner
Transactions
- Other
Common Stock
2020-10-30−4,769,922→ 0 total - Conversion
Convertible Notes
2020-10-30−1→ 0 total→ Common Stock (2,712,003 underlying) - Conversion
Common Stock
2020-10-30+2,712,003→ 4,591,627 total - Other
Common Stock
2020-10-30−50,736,473→ 0 total - Other
Common Stock
2020-10-30+19,993,086→ 19,993,086 total - Other
Common Stock
2020-10-30+1,879,624→ 1,879,624 total
TEG Global GP Ltd.
10% Owner
Transactions
- Other
Common Stock
2020-10-30−50,736,473→ 0 total - Conversion
Common Stock
2020-10-30+2,712,003→ 4,591,627 total - Conversion
Convertible Notes
2020-10-30−1→ 0 total→ Common Stock (2,712,003 underlying) - Other
Common Stock
2020-10-30−4,769,922→ 0 total - Other
Common Stock
2020-10-30+19,993,086→ 19,993,086 total - Other
Common Stock
2020-10-30+1,879,624→ 1,879,624 total
Transactions
- Other
Common Stock
2020-10-30+19,993,086→ 19,993,086 total - Conversion
Common Stock
2020-10-30+2,712,003→ 4,591,627 total - Other
Common Stock
2020-10-30−50,736,473→ 0 total - Other
Common Stock
2020-10-30+1,879,624→ 1,879,624 total - Conversion
Convertible Notes
2020-10-30−1→ 0 total→ Common Stock (2,712,003 underlying) - Other
Common Stock
2020-10-30−4,769,922→ 0 total
Electrum Silver US II LLC
10% Owner
Transactions
- Conversion
Convertible Notes
2020-10-30−1→ 0 total→ Common Stock (2,712,003 underlying) - Other
Common Stock
2020-10-30−50,736,473→ 0 total - Other
Common Stock
2020-10-30+1,879,624→ 1,879,624 total - Conversion
Common Stock
2020-10-30+2,712,003→ 4,591,627 total - Other
Common Stock
2020-10-30+19,993,086→ 19,993,086 total - Other
Common Stock
2020-10-30−4,769,922→ 0 total
Footnotes (5)
- [F1]Pursuant to a reorganization exempt under Rule 16b-7, each share of common stock of Gatos Silver, Inc. (formerly Sunshine Silver Mining & Refining Corporation, and referred to herein as the "Company")) outstanding immediately prior to the reorganization was exchanged for approximately 0.39406 shares of common stock (subject to rounding to eliminate fractional shares) of the Company.
- [F2]These securities are owned directly by Electrum Silver US LLC ("ESUS"). Electrum Strategic Management LLC ("ESM") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. ("Global Holdco"), and TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG") acts as an investment advisor to Global Holdco. As a result, ESM, Global Holdco, TEG Global and TEG may be deemed to beneficially own shares of the Company's common stock held by ESUS.
- [F3]For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- [F4]These securities are owned directly by Electrum Silver US II LLC ("ESUS II"). Electrum Strategic Opportunities Fund II L.P. ("ESOF II") owns 99% of ESUS II, and ESM is the manager of ESUS II. ESM is wholly owned by Global Holdco, and TEG Global is the general partner of Global Holdco. The general partner of ESOF II is Electrum Strategic Opportunities Fund II GP L.P. ("ESOF II GP L.P."), and the general partner of ESOF II GP L.P. is ESOF II GP Ltd. ("ESOF II GP"). ESOF II GP is wholly owned by Global Holdco. TEG acts as an investment advisor to ESOF II. As a result, ESOF II, ESM, Global Holdco, TEG Global, ESOF II GP L.P. and ESOF II GP may be deemed to beneficially own shares of the Company's common stock held by ESUS II.
- [F5]These securities represented $15,000,000 aggregate principal amount of convertible promissory notes (the "Notes"), issued pursuant to that certain Convertible Notes Purchase Agreement, dated April 20, 2020. The Notes were owned directly by ESUS II. The Notes converted to shares of common stock of the Company upon consummation of the initial public offering ("IPO") of the Company at a price per share equal to $5.60 per share (i.e., 80% of the IPO price).
Documents
Issuer
Gatos Silver, Inc.
CIK 0001517006
Entity typeother
IncorporatedCayman Islands
Related Parties
1- filerCIK 0001565709
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 7:00 PM ET
- Accepted
- Nov 3, 4:25 PM ET
- Size
- 30.8 KB