Silver Crown Royalties Inc. has launched a non-brokered private placement of common shares aimed at raising gross proceeds of up to approximately C$5,000,000, the company announced. The offering consists of up to 142,857 common shares priced at C$35.00 each, a figure set with reference to the closing price on Cboe Canada on November 11, 2026, the last trading day before the announcement.
The offering price represents a 13.3% discount to the five-day volume-weighted average price, a detail that matters to existing shareholders weighing dilution against the capital the raise provides. Silver Crown said it intends to use net proceeds for working capital and corporate development purposes, including funding royalty acquisitions. The offering is expected to close on or before November 30, 2026, and may be completed in one or more tranches, subject to customary closing conditions and acceptance by Cboe Canada. Shares issued will carry a statutory hold period of four months and one day under applicable Canadian securities laws.
The announcement, distributed through NEWMEDIAWIRE, carries significant insider participation. Insiders including Peter Bures, chairman and chief executive officer, and Michael Gentile, a strategic advisor and shareholder holding more than 10% of outstanding common shares, are expected to subscribe for an aggregate of 28,571 common shares for aggregate gross proceeds of approximately C$1,000,000. That insider commitment represents roughly one-fifth of the total raise and offers a signal of management's confidence in the company's royalty strategy.
Because insider participation constitutes a related party transaction under Multilateral Instrument 61-101, Silver Crown is relying on exemptions from formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a) of the instrument, on the basis that neither the fair market value of shares issued to insiders nor the consideration they pay will exceed 25% of the company's market capitalization. The company noted it did not file a material change report at least 21 days before the expected closing because insider participation had not been confirmed at that time, and it considers completing the offering on an expedited basis reasonable in the circumstances.
The company may also pay finder's fees to registered dealers who introduce subscribers, consisting of a cash fee equal to 5% of gross proceeds from such subscribers and finder's warrants equal to 5% of the shares sold to them. Each finder's warrant is exercisable for one common share at C$52.50, a 50% premium to the offering price, for 24 months from closing, subject to Cboe Canada acceptance.
The raise comes as Silver Crown positions itself as a publicly traded silver royalty company focused on generating free cash flow. It currently holds eight silver royalties across six projects and has agreed to acquire a ninth royalty on Soma Gold Corp.'s El Bagre Gold Mining Complex in Colombia, expected to close on or before November 30, 2026. The company's model offers investors exposure to precious metals as a hedge against currency devaluation while mitigating production-related cost inflation, and it strives to minimize the economic burden on mining projects while maximizing shareholder returns. For readers, the offering's pricing, insider backing and stated deployment toward royalty acquisitions make it a notable test of investor appetite for silver royalty exposure.
