Silver Crown Royalties Inc. has announced the successful closing of the second tranche of its non-brokered private placement, raising approximately C$489,515. This was achieved through the issuance of 75,310 units, each priced at C$6.50, comprising one common share and one common share purchase warrant. The warrant grants investors the right to acquire an additional common share at C$13.00 within three years from the closing date. This latest tranche brings the total number of units issued to 142,848, amassing cumulative gross proceeds of C$928,512.
The proceeds from this offering are earmarked for strategic purposes, including partially financing the second tranche of the company's silver royalty acquisition on the Igor 4 project in Peru. Additionally, the funds will be used to cover general and administrative expenses. It's important to note that all securities issued are subject to a standard four-month and one-day statutory hold period, in strict compliance with securities legislation.
As a publicly traded entity specializing in silver royalties, Silver Crown currently holds four silver royalties, three of which are already generating revenue. The company's innovative business model offers investors exposure to precious metals, serving as a natural hedge against currency devaluation and providing a buffer against the potential adverse effects of production cost inflation. For more information on Silver Crown Royalties Inc., visit https://www.silvercrownroyalties.com.
