Mining Stock Trading Alert: SilverCrest Mines (TSX.V: SVL) (NYSE MKT: SVLC) Moves Following News of Closing $34.5 Million Offering

New York, New York, Point Roberts WA - November 2, 2012 (Investorideas.com Mining Stocks Newswire) Investorideas.com staff : Investorideas.com, an investor research portal specializing in sector research for independent investors, issues a trading alert for SilverCrest Mines Inc. ( TSX.V:SVL) ( NYSE MKT : SVLC) for the close of trading November 1st. In Thursday’s trading session in Canadian markets, the stock had a range of $2.59 - 2.8, closing at $2.80 on over 1.1 Million shares. In U.S markets the stock closed at $2.85, up 0.23 or 8.78% on just over 161,000 shares.
The Company reported earlier this week the completion of its prospectus offering in Canada, as announced on October 5, 2012. Gross proceeds of CAD$30 million, together with exercise of the over-allotment option in full for an additional $4.5 million, resulted in total gross proceeds of $34.5 million.
About SilverCrest Mines Inc
SilverCrest Mines Inc. (TSX VENTURE: SVL) (NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State. http://www.silvercrestmines.com
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