Silver Crown Royalties Closes Second Tranche of Private Placement, Raises Nearly C$500,000
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.
Silver Crown Royalties Inc. has completed the second tranche of its non-brokered private placement, issuing 75,310 units at C$6.50 per unit and generating gross proceeds of approximately C$489,515. The company has now raised a cumulative total of C$928,512 through this offering.
Each unit consists of one common share and one purchase warrant, with the warrant allowing investors to acquire an additional common share at C$13.00 within three years of the closing date. The total units issued in this offering now stand at 142,848.
The proceeds will be strategically allocated to partially fund 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. All securities issued are subject to a standard four-month and one-day statutory hold period in compliance with securities legislation.
This financing demonstrates Silver Crown Royalties' continued effort to expand its portfolio of silver royalties. The company currently holds four silver royalties, with three already generating revenue. By focusing on royalty investments, the company offers investors exposure to precious metals while potentially mitigating risks associated with direct mining operations.
Curated from NewMediaWire