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

Silver Crown Royalties Inc. has successfully closed 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 consisted 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 securing immediate capital for the company's strategic initiatives.

This latest financing tranche brings the company's total issuance to 142,848 units, generating cumulative gross proceeds of C$928,512. The successful completion of this private placement demonstrates continued investor confidence in Silver Crown's business model and growth strategy. All securities issued through this offering 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.

The funds raised 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 detailed in the company's corporate updates available at https://silvercrownroyalties.com/investors. This allocation underscores the company's focused approach to expanding its royalty portfolio while maintaining financial discipline. Additional proceeds will cover general and administrative expenses, supporting the company's operational infrastructure and continued growth trajectory.

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 financing strengthens Silver Crown's ability to pursue additional royalty acquisitions and expand its revenue-generating assets, positioning the company for sustained growth in the precious metals sector. The successful capital raise during challenging market conditions highlights the appeal of royalty companies as investment vehicles that provide exposure to commodity prices without direct operational risks.

Curated from NewMediaWire

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