Silver Crown Royalties Closes Second Tranche of Private Placement, Raises C$489,515

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.

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Silver Crown Royalties Closes Second Tranche of Private Placement, Raises C$489,515

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 structure provides investors with the right to acquire an additional common share at C$13.00 within three years of the closing date, offering potential future upside while immediately strengthening the company's financial position.

With this latest tranche completion, the company has now issued a total of 142,848 units across the private placement, generating cumulative gross proceeds of C$928,512. This substantial capital infusion demonstrates continued investor confidence in Silver Crown's business model and growth strategy. The 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, while also covering general and administrative expenses necessary for ongoing operations and expansion initiatives.

All securities issued through this private placement are subject to a standard four-month and one-day statutory hold period in compliance with securities legislation, ensuring proper market regulation and investor protection. As a publicly traded silver royalty company, Silver Crown currently maintains four silver royalties in its portfolio, with three already generating revenue streams. The company's unique 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 that often affect traditional mining operations.

The successful completion of this financing round positions Silver Crown to continue executing its strategic objectives in the silver royalty space. The additional capital strengthens the company's ability to pursue new royalty acquisition opportunities while supporting existing assets. This financing approach aligns with the company's long-term vision of building a diversified portfolio of silver royalties that can deliver consistent returns to shareholders while minimizing operational risks associated with direct mining activities.

Curated from NewMediaWire

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