Business
Silver Crown Royalties Announces Closing of $1,159,120 Subsequent Financing
(TheNewswire) TORONTO, ON, August 1, 2024 – TheNewswire – Silver ...
About this update from Silver Crown Royalties Inc
[{"type":"text","content":"Silver Crown Royalties Announces Closing of $1,159,120 Subsequent Financing\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n TORONTO, ON, August 1,\n2024\n \n\n –\n \n\n TheNewswire –\n \n\n Silver Crown Royalties Inc. (Cboe Canada: SCRI)\n(“\n \n\n Silver Crown\n \n\n ” or the “\n \n\n Company\n \n\n ”) is pleased to announce that it has\nclosed the $1,159,120 non-brokered private placement (the\n“\n \n\n Subsequent\nFinancing\n \n\n ”) previously announced on July 30,\n2024 and disclosed in the Listing Statement of Silver Crown dated July\n22, 2024 and filed on SEDAR+.\n \n\n\n\n The Company raised an aggregate of $1,159,120 pursuant\nto the Subsequent Financing on the issuance of 115,912\n \n\n units (“\n \n\n Units\n \n\n ”) of the Company at a price of $10.00\nper Unit. Each Unit consists of one common share in the capital of the\nCompany (“\n \n\n Common\nShare\n \n\n ”) and one Common Share purchase warrant\n(each whole Common Share purchase warrant, a “\n \n\n Warrant\n \n\n ”). Each\nWarrant entitles the holder to acquire one Common Share (each, a\n“\n \n\n Warrant Share\n \n\n ”) at an exercise price of $16.00 per Warrant Share until\n4:30 pm (Toronto time) on June 28, 2027.\n \n\n\n\n In connection with the Subsequent Financing, the\nCompany paid $83,760 in cash commissions to a finder.  Proceeds of\nthe Subsequent Financing will be used to fund\n \n\n cash portions of royalty purchases and working\ncapital.\n \n\n\n\n ABOUT SILVER CROWN ROYALTIES\nINC.\n \n\n\n\n Founded by industry veterans, SCRi is a\nrevenue-generating silver-only royalty company focusing on silver as\nbyproduct credits. SCRi aims to minimize the economic impact on mining\nprojects while maximizing returns for shareholders. SCRi presently has\ntwo sources of revenue and continues to build on this foundation,\ntargeting additional operational silver-producing projects.\n \n\n\n\n For further information, please contact:\n \n\n\n\n Silver Crown Royalties Inc.\n \n\n\n\n Peter Bures\n \n\n\n\n Chairman and CEO\n \n\n\n\n Telephone: (416) 481-1744\n \n\n\n\n Email:\n \n\n\n\n [email protected]\n \n\n\n\n\n\n FORWARD-LOOKING STATEMENTS\n \n\n\n\n This release contains certain “forward looking\nst...