Business
Silver Crown Royalties Announces Closing of First Tranche of its Non-Brokered Private Placement
TORONTO, ON – TheNewswire - June 24, 2025 –Silver Crown Royalties Inc. (“Silver Crown”, “SCRi”, the “Corporation”, or the “Company”) (Cboe:SCRI; OTCQX:SLCRF; FR
About this update from Silver Crown Royalties Inc
[{"type":"text","content":"TORONTO, ON – TheNewswire - June 24, 2025 –Silver Crown Royalties Inc. (“Silver Crown”, “SCRi”, the “Corporation”, or the “Company”) (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) is pleased to announce that the Company has successfully closed the first tranche (“First Tranche”) of its non-brokered offering of units of the Company (“Units”) for gross proceeds of up to $2,000,000 that was previously announced on May 20, 2025 (the “Offering”). The Company issued 102,838 Units at a price of C$6.50 per Unit pursuant to the First Tranche for gross proceeds of approximately C$668,447. 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 date hereof. The proceeds from the First Tranche will be used to fund 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. The Company is also pleased to announce it is extending the closing of an additional tranche of the Offering to July 11, 2025. ABOUT SILVER CROWN ROYALTIES INC. Founded by industry veterans, Silver Crown Royalties (Cboe: SCRI | OTCQX: SLCRF | BF: QS0) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact: Silver Crown Royalties Inc. Peter Bures, Chairman and CEO Telephone: (416) 481-1744 Email: [email protected] FORWARD-LOOKING STATEMENTS This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking sta...