Silver Crown Royalties Secures Additional C$489,515 in Second Tranche Private Placement
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 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 investors with both immediate equity exposure and future acquisition rights at a predetermined price point.
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 financing round 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 allocation supports the company's expansion of its royalty portfolio while maintaining operational efficiency. The Igor 4 project represents a significant opportunity for Silver Crown to enhance its asset base in a jurisdiction known for substantial silver production 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 markets without direct operational risks associated with mining companies.
Curated from NewMediaWire

