0000950103-20-020673.txt : 20201027 0000950103-20-020673.hdr.sgml : 20201027 20201027171927 ACCESSION NUMBER: 0000950103-20-020673 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20201027 FILED AS OF DATE: 20201027 DATE AS OF CHANGE: 20201027 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Electrum Silver US LLC CENTRAL INDEX KEY: 0001830153 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39649 FILM NUMBER: 201265044 BUSINESS ADDRESS: STREET 1: 535 MADISON AVENUE, 12TH FL. CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-532-2830 MAIL ADDRESS: STREET 1: 535 MADISON AVENUE, 12TH FL. CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Electrum Silver US II LLC CENTRAL INDEX KEY: 0001829058 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39649 FILM NUMBER: 201265045 BUSINESS ADDRESS: STREET 1: 535 MADISON AVENUE,12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-365-1600 MAIL ADDRESS: STREET 1: 535 MADISON AVENUE,12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Electrum Strategic Opportunities Fund II GP L.P. CENTRAL INDEX KEY: 0001734758 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39649 FILM NUMBER: 201265046 BUSINESS ADDRESS: STREET 1: C/O THE ELECTRUM GROUP LLC STREET 2: 535 MADISON AVENUE, 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-365-1600 MAIL ADDRESS: STREET 1: C/O THE ELECTRUM GROUP LLC STREET 2: 535 MADISON AVENUE, 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ESOF II GP Ltd. CENTRAL INDEX KEY: 0001734759 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39649 FILM NUMBER: 201265047 BUSINESS ADDRESS: STREET 1: C/O THE ELECTRUM GROUP LLC STREET 2: 535 MADISON AVENUE, 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-365-1600 MAIL ADDRESS: STREET 1: C/O THE ELECTRUM GROUP LLC STREET 2: 535 MADISON AVENUE, 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Electrum Group Ltd. CENTRAL INDEX KEY: 0001669165 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39649 FILM NUMBER: 201265048 BUSINESS ADDRESS: STREET 1: 700 MADISON AVENUE, 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10065 BUSINESS PHONE: (646) 532-2830 MAIL ADDRESS: STREET 1: 700 MADISON AVENUE, 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10065 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Electrum Strategic Management LLC CENTRAL INDEX KEY: 0001829059 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39649 FILM NUMBER: 201265049 BUSINESS ADDRESS: STREET 1: 535 MADISON AVENUE,12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-365-1600 MAIL ADDRESS: STREET 1: 535 MADISON AVENUE,12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Electrum Strategic Opportunities Fund II L.P. CENTRAL INDEX KEY: 0001699437 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39649 FILM NUMBER: 201265050 BUSINESS ADDRESS: STREET 1: C/O THE ELECTRUM GROUP LLC STREET 2: 700 MADISON AVENUE, 5TH FL. CITY: NEW YORK STATE: NY ZIP: 10065 BUSINESS PHONE: (646) 365-1600 MAIL ADDRESS: STREET 1: C/O THE ELECTRUM GROUP LLC STREET 2: 700 MADISON AVENUE, 5TH FL. CITY: NEW YORK STATE: NY ZIP: 10065 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ELECTRUM GLOBAL HOLDINGS L.P. CENTRAL INDEX KEY: 0001564994 STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39649 FILM NUMBER: 201265051 BUSINESS ADDRESS: STREET 1: C/O THE ELECTRUM GROUP LLC STREET 2: 535 MADISON AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-365-1600 MAIL ADDRESS: STREET 1: C/O THE ELECTRUM GROUP LLC STREET 2: 535 MADISON AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: TEG Global GP Ltd. CENTRAL INDEX KEY: 0001565709 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39649 FILM NUMBER: 201265052 BUSINESS ADDRESS: STREET 1: 535 MADISON AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-365-1600 MAIL ADDRESS: STREET 1: 535 MADISON AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Sunshine Silver Mining & Refining Corp CENTRAL INDEX KEY: 0001517006 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 272654848 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1660 LINCOLN STREET STREET 2: SUITE 2750 CITY: DENVER STATE: CO ZIP: 80264 BUSINESS PHONE: 303-784-5350 MAIL ADDRESS: STREET 1: 1660 LINCOLN STREET STREET 2: SUITE 2750 CITY: DENVER STATE: CO ZIP: 80264 FORMER COMPANY: FORMER CONFORMED NAME: SUNSHINE SILVER MINES Corp DATE OF NAME CHANGE: 20110330 3 1 dp139315_3-electrum.xml X0206 3 2020-10-27 0 0001517006 Sunshine Silver Mining & Refining Corp GATO 0001830153 Electrum Silver US LLC 535 MADISON AVENUE, 12TH FL. NEW YORK NY 10022 0 0 1 0 0001829058 Electrum Silver US II LLC C/O THE ELECTRUM GROUP LLC 535 MADISON AVENUE, 12TH FLOOR NEW YORK NY 10022 0 0 1 0 0001734758 Electrum Strategic Opportunities Fund II GP L.P. 535 MADISON AVENUE 12TH FLOOR NEW YORK NY 10022 0 0 1 0 0001734759 ESOF II GP Ltd. 535 MADISON AVENUE 12TH FLOOR NEW YORK NY 10022 0 0 1 0 0001669165 Electrum Group Ltd. 535 MADISON AVENUE 12TH FLOOR NEW YORK NY 10022 0 0 1 0 0001829059 Electrum Strategic Management LLC 535 MADISON AVENUE 12TH FLOOR NEW YORK NY 10022 0 0 1 0 0001699437 Electrum Strategic Opportunities Fund II L.P. 535 MADISON AVENUE 12TH FLOOR NEW YORK NY 10022 0 0 1 0 0001564994 ELECTRUM GLOBAL HOLDINGS L.P. 535 MADISON AVENUE 12TH FLOOR NEW YORK NY 10022 0 0 1 0 0001565709 TEG Global GP Ltd. 535 MADISON AVENUE 12TH FLOOR NEW YORK NY 10022 0 0 1 0 Common Stock 50736473 D Common Stock 4769922 D Convertible Notes Common Stock D 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 Issuer's common stock held by ESUS. 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. 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 Issuer's common stock held by ESUS II. 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. These securities represent $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 (as amended to the date hereof, the "Convertible Notes Purchase Agreement"). The Notes are owned directly by ESUS II. The Notes will convert to shares of common stock of Gatos Silver, Inc. (the "Company") upon consummation of the initial public offering ("IPO") of the Company at a price per share equal to the lesser of (i) 80% of the offering price of the IPO or (ii) $7.50 per share (based on the number of shares outstanding immediately prior to the IPO). The Electrum Group LLC, By: /s/ Michael H. Williams, Senior Managing Director 2020-10-27 Electrum Silver US LLC, By: Electrum Strategic Management, its Manager, By: /s/ Andrew M. Shapiro, Managing Director 2020-10-27 Electrum Silver US II LLC, By: Electrum Strategic Management, its Manager, By: /s/ Andrew M. Shapiro, Managing Director 2020-10-27 Electrum Strategic Management LLC, By: /s/ Andrew M. Shapiro, Managing Director 2020-10-27 Electrum Global Holdings L.P., By: TEG Global GP Ltd., its general partner, By: /s/ Andrew M. Shapiro, Director 2020-10-27 TEG Global GP Ltd., By: /s/ Andrew M. Shapiro, Director 2020-10-27 Electrum Strategic Opportunities Fund II L.P., By: Electrum Strategic Opportunities Fund II GP L.P., its general partner, By: ESOF II GP Ltd., its general partner, By: /s/ Michael H. Williams, Director 2020-10-27 Electrum Strategic Opportunities Fund II GP L.P., By: ESOF II GP Ltd., its general partner, By: /s/ Michael H. Williams, Director 2020-10-27 ESOF II GP Ltd., By: /s/ Michael H. Williams, Director 2020-10-27