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Silver Crown Royalties Confirms Size Of $1,159,120 Subsequent Financing
(TheNewswire) TORONTO, ON, July 30, 2024 – TheNewswire – Silv...
About this update from Silver Crown Royalties Inc
[{"type":"text","content":"Silver Crown Royalties Confirms Size 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,\n \n\n July 30, 2024\n \n\n –\n \n\n TheNewswire –\n \n\n Silver\nCrown Royalties Inc. (Cboe Canada: SCRi) (“\n \n\n Silver Crown\n \n\n ” or\nthe “\n \n\n Company\n \n\n ”) is pleased to announce that it has confirmed the size of\nthe $1,159,120 non-brokered private placement (the “\n \n\n Subsequent Financing\n \n\n ”) previously disclosed in the Listing Statement of Silver\nCrown dated July 22, 2024 and filed on SEDAR+.\n \n\n\n\n Pursuant to the Subsequent Financing, the Company\nintends to issue 115,912\n \n\n units (“\n \n\n Units\n \n\n ”) of the\nCompany at a price of $10.00 per Unit, for aggregate gross proceeds of\n$1,159,120. Each Unit will consist of one common share in the capital\nof the Company (“\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 ”).\n \n\n\n\n Each Warrant will entitle the holder to acquire one\nCommon Share (each, a “\n \n\n Warrant Share\n \n\n ”) at an exercise price of\n$16.00 per Warrant Share until 4:30 pm (Toronto time) on June 28,\n2027.\n \n\n\n\n Closing of the Subsequent Financing is expected to\noccur as soon as practicable and prior to August 2, 2024 and is\nsubject to all customary approvals. Proceeds of the Subsequent\nFinancing will be used to fund\n \n\n cash portions of\nroyalty purchases and working capital. In connection with the\nSubsequent Financing, certain finders may receive a cash fee.\n \n\n\n\n Peter Bures, Chief Executive Officer of the Company,\nstated: “We are immensely grateful for the unwavering support from\ncurrent institutional holders and existing and newly welcomed\nstakeholders, both on market and in the private placement. The\nalignment of our collective vision has been a driving force, and we\nlook forward to the positive impact this will have on our future\nendeavors. With everyone's support, we anticipate a quick and\nsuccessful closure.”\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 o...