Crescat Portfolio Management LLC - 25 Jun 2021 Form 4 Insider Report for Timberline Resources Corp

Role
10%+ Owner
Signature
Kevin C. Smith
Issuer symbol
N/A
Transactions as of
25 Jun 2021
Net transactions value
+$375,000
Form type
4
Filing time
29 Jun 2021, 13:21:21 UTC
Next filing
26 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRS Common Stock Purchase $250,000 +1,250,000 +7.6% $0.2000 17,763,636 25 Jun 2021 Direct F3

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 Series M Warrants Purchase $125,000 +625,000 +3.9% $0.2000 16,625,000 25 Jun 2021 Common Shares 625,000 $0.3000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Warrants may not be exercised if such exercise would cause holder to beneficially own or exercise control or direction over 19.99% or greater of the issued and outstanding voting shares of the issuer. Common shares and share purchase warrants were acquired as part of a private placement financing by the issuer.
F2 The price of each Unit is $0.20. Each Unit consists of one common share and one Series M common share purchase warrant.
F3 Includes direct shares of 16,000,000 and indirect shares of 513,636 before the 6/25/2021 purchase.