Silver Crown Royalties Inc., a notable player in the silver royalty sector, has forged a strategic alliance with Investor Cubed Inc., aimed at enhancing its investor relations and shareholder communications. This partnership coincides with the successful closure of the first tranche of a non-brokered private placement, underscoring the company's proactive approach to growth and investor engagement.
Under the terms of the consulting agreement, Investor Cubed will deliver comprehensive investor relations services over the next year. In return, the firm will receive a monthly cash payment of C$10,000, along with 25,000 common shares distributed quarterly. Neil Simon, the CEO of Investor Cubed, shared his optimism about the collaboration, pointing to Silver Crown's promising position as a compelling investment opportunity within the silver market.
The initial tranche of the private placement saw the issuance of 67,538 units at C$6.50 each, amassing gross proceeds of around C$439,000. Each unit is composed of one common share and one warrant, the latter enabling the purchase of an additional common share at C$13.00 within a three-year timeframe. This financial maneuver is a testament to Silver Crown's strategic planning and its appeal to investors.
Peter Bures, CEO of Silver Crown Royalties, highlighted the strategic importance of the partnership with Investor Cubed, emphasizing the latter's proficiency in linking the company with pivotal Canadian investors. The capital raised is earmarked for partially financing the second tranche of a silver royalty acquisition on the Igor 4 project in Peru, alongside covering general administrative costs.
Currently, Silver Crown Royalties boasts a portfolio of four silver royalties, with three already yielding revenue. The company's innovative business model offers investors a unique avenue to gain exposure to precious metals, serving as a natural counterbalance to currency devaluation and mitigating risks associated with production cost inflation. For more information on Silver Crown Royalties Inc., visit https://www.silvercrownroyalties.com.
