Silver Crown Royalties Closes Second Tranche of Private Placement, Raises C$489,515
TL;DR
Investors can benefit from Silver Crown Royalties' successful second tranche closure, gaining precious metals exposure and potential returns.
Silver Crown Royalties closed the second tranche of units at C$6.50 per Unit, totaling 142,848 and gross proceeds of C$928,512.
The proceeds will help fund silver royalty acquisition in Peru, supporting economic growth and maximizing returns for shareholders.
Silver Crown Royalties provides a natural hedge against currency devaluation, offering a unique investment opportunity in the precious metals market.
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Silver Crown Royalties Inc. has announced the closing of the second tranche of its non-brokered private placement, raising approximately C$489,515 through the issuance of 75,310 units. Each unit was priced at C$6.50 and consists of one common share and one common share purchase warrant. The warrant structure provides investors with the right to acquire an additional common share at C$13.00 within three years of the closing date, offering potential future upside while immediately strengthening the company's financial position.
With this latest tranche, the company has now issued a total of 142,848 units across the private placement, generating cumulative gross proceeds of C$928,512. This substantial capital infusion represents a significant milestone in Silver Crown's growth strategy and demonstrates continued investor confidence in the company's business model and future prospects. The successful completion of this financing round provides the necessary resources to execute strategic initiatives while maintaining financial flexibility.
The funds raised will be strategically allocated to partially finance the second tranche of the company's silver royalty acquisition on the Igor 4 project in Peru, as well as cover general and administrative expenses. This allocation underscores the company's disciplined approach to capital deployment, focusing on revenue-generating assets while maintaining operational efficiency. All securities issued in this offering are subject to a standard four-month and one-day statutory hold period in compliance with securities legislation, ensuring orderly market integration of the new shares.
As a publicly traded silver royalty company, Silver Crown currently maintains four silver royalties, with three already generating revenue. The company's business model provides investors with precious metals exposure while offering a natural hedge against currency devaluation and mitigating the potential negative impacts of production cost inflation. This financing strengthens Silver Crown's position in the competitive royalty sector and supports its strategy of building a diversified portfolio of silver-focused royalty assets.
Curated from NewMediaWire

