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Silver Crown Royalties Announces Closing of Final Tranche of Its Non-Brokered Private Placement
TORONTO, ONTARIO - April 28, 2025 (NEWMEDIAWIRE) - Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) ("Silver Crown", "SCRi", the "Corporation", or the "Company") is pleased to announce that the Company has successfully closed the third...
About this update from Silver Crown Royalties Inc
[{"type":"text","content":"TORONTO, ONTARIO - April 28, 2025 (NEWMEDIAWIRE) - Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) ("Silver Crown", "SCRi", the "Corporation", or the "Company") is pleased to announce that the Company has successfully closed the third and final tranche ("Final Tranche") of its non-brokered offering of units ("Units") that was previously announced on February 6, 2025 (the "Offering") and issued 89,400 Units at a price of C$6.50 per Unit, for gross proceeds of approximately C$581,100.","length":573,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":"The Newswire","className":"","disableSlideshowImg":false,"size":{"original":{"width":544,"height":1273,"url":"https://media.zenfs.com/en/newsmediawire_165/dde797ff1f6c8fb688ff194cc30b09fb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/UspCvNzACGChy5kxJGGkTg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTIyNDY7Y2Y9d2VicA--/https://media.zenfs.com/en/newsmediawire_165/dde797ff1f6c8fb688ff194cc30b09fb","width":544,"height":1273}}},{"type":"text","content":"Each Unit consists of one common share ("Common Share") and one Common Share purchase warrant ("Warrant"), with each Warrant exercisable to acquire one additional Common Share at an exercise price of C$13.00 for a period of three years from the closing date. A total of 232,248 Units were issued in accordance with the Offering for cumulative gross proceeds of C$1,509,615.","length":393,"tagName":"p"},{"type":"text","content":"The proceeds from the Final Tranche will be used to partially fund the second tranche of the Company's silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The closing was subject to customary conditions, including the approval of Cboe Canada Inc.","length":474,"tagName":"p"},{"type":"text","content":"Regarding the receipt of payments from the Company's producing royalties, Silver Crown expects to receive cash payments equivalent to approximately 6,703 ounces of silver in the first quarter of 2025. This is driven by the early payment of the PPX/I...