Business
Silver Crown Royalties Announces Upsize of Previously Announced Life Offering To $2.5M Led By Centurion One Capital And Filing Of Second Amended and Restated Offering Document
TORONTO, ON, September 25, 2025 – TheNewswire - Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) (“Silver Crown”, “SCRi”, or the “Company”) is pl
About this update from Silver Crown Royalties Inc
[{"type":"text","content":"TORONTO, ON, September 25, 2025 – TheNewswire - Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) (“Silver Crown”, “SCRi”, or the “Company”) is pleased to announce that in connection with its private placement offering (the “Offering”) of units of the Company (the “Units”), as previously announced in its press release dated September 11, 2025, the board of directors of the Company has approved an upsizing of the Offering from 363,636 Units to 454,545 Units at an issue price of $5.50 per Unit (the “Offering Price”) for aggregate gross proceeds of up to approximately $2,500,000. Each Unit shall consist of one common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder to purchase one Share at a price of $8.25 for a period of 36 months from the closing date. The Warrants will be subject to an acceleration right (the “Warrant Acceleration Right”) if, on any thirty (30) consecutive trading days, beginning on the date that is the closing date, the daily volume weighted average trading price of the Share is greater than $11.00. If the Company exercises its Warrant Acceleration Right, the new expiry date of the Warrants will be the 30th day following the notice of such exercise. The Offering is led by Centurion One Capital Corp. (the “Lead Agent”) as lead agent and sole bookrunner. In connection with the upsized Offering, the Company has filed a second amended and restated offering document dated September 25, 2025 (the “Amended Offering Document”), which can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at silvercrownroyalties.com. Prospective investors should read the Amended Offering Document before making an investment decision. In addition, the Company will grant the Lead Agent an option to sell up to an additional 68,181 Units at the Offering Price to raise additional gross proceeds of up to approximately $375,000 (the “Agent’s Option”) on the same terms and conditions as set out herein. The Agent’s Option is exercisable in whole or in part at any time, up to the closing date. The net proceeds of the Offering are expected to be used for the purchase of additional royalties, as well as general working capital. It is anticipated that certain insiders of the Company and Lead Agent ma...