Business
Silver Crown Royalties Announces Closing of Second Tranche of Non-Brokered Private Placement
TORONTO, ON – TheNewswire - March 31, 2025 – Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) (“Silver Crown”, “SCRi”, or the “Company”) is pleas
About this update from Silver Crown Royalties Inc
[{"type":"text","content":"TORONTO, ON – TheNewswire - March 31, 2025 – Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) (“Silver Crown”, “SCRi”, or the “Company”) is pleased to provide an update on its non-brokered offering of units (“Units”) that was previously announced on February 6, 2025 (the “Offering”). In connection with the Offering, the Company has successfully closed the second tranche (“Second Tranche”) and issued 75,310 Units at a price of C$6.50 per Unit, for gross proceeds of approximately C$489,515. 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. The total units issued under this Offering total 142,848 for cumulative gross proceeds of C$928,512. The proceeds from the Second 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. 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 statements and informat...