Silver Crown Royalties Secures C$489,515 in Second Private Placement Tranche

TL;DR

Investors can benefit from Silver Crown Royalties' successful second tranche closure, gaining precious metals exposure and potential returns.

Silver Crown Royalties closed the second tranche of units at C$6.50 per Unit, totaling 142,848 and gross proceeds of C$928,512.

The proceeds will help fund silver royalty acquisition in Peru, supporting economic growth and maximizing returns for shareholders.

Silver Crown Royalties provides a natural hedge against currency devaluation, offering a unique investment opportunity in the precious metals market.

Found this article helpful?

Share it with your network and spread the knowledge!

Silver Crown Royalties Secures C$489,515 in Second Private Placement Tranche

Silver Crown Royalties Inc. has announced the closing of the second tranche of its non-brokered private placement, raising approximately C$489,515 through the issuance of 75,310 units. Each unit was priced at C$6.50 and consists of one common share and one common share purchase warrant. The warrant allows investors to acquire an additional common share at C$13.00 within three years of the closing date. This financing structure provides existing shareholders with potential future capital appreciation while immediately strengthening the company's financial position.

With this latest tranche, the company has now issued a total of 142,848 units, generating cumulative gross proceeds of C$928,512. The successful completion of this private placement demonstrates continued investor confidence in Silver Crown's business model and growth strategy. All securities issued are subject to a standard four-month and one-day statutory hold period in compliance with securities legislation, ensuring regulatory compliance while maintaining market stability.

Funds from this offering will be strategically allocated to partially finance the second tranche of the company's silver royalty acquisition on the Igor 4 project in Peru, as well as cover general and administrative expenses. This capital deployment strategy aligns with Silver Crown's focus on expanding its royalty portfolio while maintaining operational efficiency. The Igor 4 project represents a significant opportunity for the company to enhance its revenue-generating assets in a jurisdiction known for substantial silver mining potential.

As a publicly traded silver royalty company, Silver Crown currently maintains four silver royalties, with three already generating revenue. The company's business model provides investors with precious metals exposure while offering a natural hedge against currency devaluation and mitigating the potential negative impacts of production cost inflation. This approach positions Silver Crown as an attractive investment vehicle for those seeking exposure to silver prices without the operational risks associated with traditional mining companies. The successful financing round strengthens the company's ability to pursue additional royalty acquisitions and expand its portfolio of revenue-generating assets.

Curated from NewMediaWire

blockchain registration record for this content
Burstable Editorial Team

Burstable Editorial Team

@burstable

Burstable News™ is a hosted solution designed to help businesses build an audience and enhance their AIO and SEO press release strategies by automatically providing fresh, unique, and brand-aligned business news content. It eliminates the overhead of engineering, maintenance, and content creation, offering an easy, no-developer-needed implementation that works on any website. The service focuses on boosting site authority with vertically-aligned stories that are guaranteed unique and compliant with Google's E-E-A-T guidelines to keep your site dynamic and engaging.