Silver Crown Royalties Partners with Investor Cubed and Completes Private Placement Funding

By Burstable Editorial Team

TL;DR

Silver Crown engaged Investor Cubed for investor relations services, boosting potential investment opportunities.

Investor Cubed will provide investor relations and shareholder communications services in Canada for up to a one-year term.

Silver Crown's partnership with Investor Cubed aims to connect with key Canadian investors, enhancing growth and financial stability.

Silver Crown closed the first tranche of a non-brokered private placement, issuing units for proceeds towards silver royalty acquisition in Peru.

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Silver Crown Royalties Partners with Investor Cubed and Completes Private Placement Funding

Silver Crown Royalties Inc., a publicly traded silver royalty company, has announced a strategic partnership with Investor Cubed Inc. for investor relations and shareholder communications, simultaneously closing the first tranche of a non-brokered private placement. Under the consulting agreement, Investor Cubed will provide investor relations services for up to one year, receiving monthly cash compensation of C$10,000 and 25,000 common shares issued in quarterly installments. Neil Simon, CEO of Investor Cubed, expressed enthusiasm about the partnership, highlighting Silver Crown's potential as an attractive investment vehicle in the silver market.

The company completed its first tranche of the private placement by issuing 67,538 units at C$6.50 per unit, generating gross proceeds of approximately C$439,000. Each unit comprises one common share and one warrant, with each warrant exercisable to acquire an additional common share at C$13.00 over three years. Peter Bures, CEO of Silver Crown Royalties, emphasized the strategic value of the partnership, noting that Investor Cubed's expertise will help connect the company with key Canadian investors.

The funds raised will be used to partially fund the second tranche of a silver royalty acquisition on the Igor 4 project in Peru and cover general administrative expenses. Silver Crown Royalties currently maintains four silver royalties, with three generating revenue. The company's business model offers investors precious metals exposure while providing a natural hedge against currency devaluation and minimizing production-related cost inflation risks. This dual announcement demonstrates Silver Crown's commitment to strengthening its investor communications while securing necessary capital for strategic acquisitions in the silver market.

Curated from NewMediaWire

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Burstable Editorial Team

Burstable Editorial Team

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