Silver Crown Royalties Secures Additional C$489,515 in Private Placement Funding
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 completed the second tranche of its non-brokered private placement, generating approximately C$489,515 through the issuance of 75,310 units at C$6.50 per unit. Each unit consists of one common share and one common share purchase warrant, with the warrant enabling investors to purchase an additional common share at C$13.00 within a three-year period from the closing date. This latest financing round brings the company's total issuance to 142,848 units, resulting in cumulative gross proceeds of C$928,512 across both tranches of the private placement.
The capital raised will be strategically deployed to partially finance the second tranche of the company's silver royalty acquisition on the Igor 4 project located in Peru, while also covering general and administrative expenses. All securities issued through this offering are subject to a standard four-month and one-day statutory hold period in accordance with securities legislation requirements. As a publicly traded silver royalty company, Silver Crown currently maintains a portfolio of four silver royalties, with three of these assets already generating revenue for the company.
The company's business model offers investors exposure to precious metals while providing a natural hedge against currency devaluation and helping to mitigate potential negative impacts from production cost inflation. This financing structure allows Silver Crown to continue expanding its royalty portfolio without taking on the operational risks associated with traditional mining operations. The successful completion of this second tranche demonstrates continued investor confidence in the company's strategic direction and its ability to identify valuable royalty opportunities in the silver mining sector.
Curated from NewMediaWire
