Silver Crown Royalties Closes Second Tranche of Private Placement, Raising 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 allows investors to acquire an additional common share at C$13.00 within three years of the closing date. With this latest tranche, the company has now issued a total of 142,848 units, generating cumulative gross proceeds of C$928,512.
Funds from this offering 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 capital infusion represents a significant step in Silver Crown's ongoing expansion strategy within the precious metals sector. The company's approach to funding its royalty acquisitions through private placements demonstrates a methodical capital raising strategy that aligns with its long-term growth objectives.
All securities issued are subject to a standard four-month and one-day statutory hold period in compliance with securities legislation. This regulatory requirement ensures market stability while allowing the company to deploy the raised capital effectively toward its operational and acquisition goals. The successful completion of this financing round underscores investor confidence in Silver Crown's business model and its position within the silver royalty market.
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 achievement positions Silver Crown to continue executing its strategy of building a diversified portfolio of silver royalties while maintaining financial stability through carefully structured capital raises.
Curated from NewMediaWire
