Crescat Portfolio Management LLC - Aug 19, 2024 Form 4 Insider Report for Timberline Resources Corp (TLRS)

Role
10%+ Owner
Signature
/s/ Kevin Smith
Stock symbol
TLRS
Transactions as of
Aug 19, 2024
Transactions value $
$0
Form type
4
Date filed
9/13/2024, 12:45 PM
Previous filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRS Common Stock Disposition pursuant to a tender of shares in a change of control transaction -10.8M -100% 0 Aug 19, 2024 Held by Crescat Precious Metals Master Fund Ltd. F1
transaction TLRS Common Stock Disposition pursuant to a tender of shares in a change of control transaction -106K -100% 0 Aug 19, 2024 Held by Crescat Institutional Commodity Master Fund Ltd. F1
transaction TLRS Common Stock Disposition pursuant to a tender of shares in a change of control transaction -13.1M -100% 0 Aug 19, 2024 Held by Crescat Global Macro Master Fund Ltd. F1
transaction TLRS Common Stock Disposition pursuant to a tender of shares in a change of control transaction -133K -100% 0 Aug 19, 2024 Held by Crescat Institutional Macro Master Fund Ltd. F1
transaction TLRS Common Stock Disposition pursuant to a tender of shares in a change of control transaction -1.83M -100% 0 Aug 19, 2024 Held by Crescat Long/Short Master Fund Ltd. F1
transaction TLRS Common Stock Disposition pursuant to a tender of shares in a change of control transaction -364K -100% 0 Aug 19, 2024 Held by Kevin and Linda Smith Living Trust dtd 7/21/1988 F1
transaction TLRS Common Stock Disposition pursuant to a tender of shares in a change of control transaction -150K -100% 0 Aug 19, 2024 Held by Kevin C. Smith F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TLRS Warrant Disposition pursuant to a tender of shares in a change of control transaction $0 -1.58M -100% $0.00 0 Aug 19, 2024 Common Stock 1.58M $0.06 Held by Crescat Precious Metals Fund Ltd. F2
transaction TLRS Warrant Disposition pursuant to a tender of shares in a change of control transaction $0 -37.5K -100% $0.00 0 Aug 19, 2024 Common Stock 37.5K $0.06 Held by Crescat Institutional Commodity Master Fund Ltd. F2
transaction TLRS Warrant Disposition pursuant to a tender of shares in a change of control transaction $0 -710K -100% $0.00 0 Aug 19, 2024 Common Stock 710K $0.06 Held by Crescat Global Macro Master Fund Ltd. F2
transaction TLRS Warrant Disposition pursuant to a tender of shares in a change of control transaction $0 -40K -100% $0.00 0 Aug 19, 2024 Common Stock 40K $0.06 Held by Crescat Institutional Macro Master Fund Ltd. F2
transaction TLRS Warrant Disposition pursuant to a tender of shares in a change of control transaction $0 -138K -100% $0.00 0 Aug 19, 2024 Common Stock 138K $0.06 Held by Crescat Long/Short Master Fund Ltd. F2
transaction TLRS Warrant Disposition pursuant to a tender of shares in a change of control transaction $0 -17.4K -100% $0.00 0 Aug 19, 2024 Common Stock 17.4K $0.08 Held by Crescat Institutional Macro Master Fund Ltd. F2
transaction TLRS Warrant Disposition pursuant to a tender of shares in a change of control transaction $0 -635K -100% $0.00 0 Aug 19, 2023 Common Stock 635K $0.08 Held by Crescat Global Macro Master Fund Ltd. F2
transaction TLRS Warrant Disposition pursuant to a tender of shares in a change of control transaction $0 -130K -100% $0.00 0 Aug 19, 2024 Common Stock 130K $0.08 Held by Crescat Long/Short Master Fund Ltd. F2
transaction TLRS Warrant Disposition pursuant to a tender of shares in a change of control transaction $0 -1.18M -100% $0.00 0 Aug 19, 2024 Common Stock 1.18M $0.08 Held by Crecast Precious Metals Master Fund Ltd. F2
transaction TLRS Warrant Disposition pursuant to a tender of shares in a change of control transaction $0 -34.1K -100% $0.00 0 Aug 31, 2024 Common Stock 34.1K $0.08 Held by Crescat Institutional Commodity Master Fund Ltd. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Crescat Portfolio Management LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The shares were disposed of pursuant to a merger agreement between the Issuer and McEwen Mining Inc. ("MUX") in a transaction approved by shareholders (the "Merger"), in exchange for shares of MUX at an exchange rate of 0.01 MUX share for each existing Issuer share. The opening price of MUX shares on August 19, 2024, was $9.04 per share.
F2 The warrants were converted to warrants to acquire MUX shares in connection with the Merger.