#Mining #Stock
News: SilverCrest (TSX: $SIL.TO; NYSE: $SILV)
Closes US$138 Million Bought Deal Financing
Including US$18 Million Over-Allotment Option Exercised in Full; @SilverCrestMet
VANCOUVER, BC, February 22, 2021 (Investorideas.com Newswire) - SilverCrest Metals Inc. (TSX: SIL.TO; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce the completion of its prospectus offering announced on February 11, 2021 for the issuance of a total of 15,007,500 common shares at a price of US$9.20 per common share for gross proceeds of US$138,069,000, including exercise of the over–allotment option in full (the "Offering"). The Offering was co–led by Scotiabank, Raymond James Ltd., and RBC Capital Markets on behalf of a syndicate of underwriters that included PI Financial Corp. and BMO Capital Markets.
Read this news,
featuring SILV in full at https://www.investorideas.com/CO/SILV/news/2021/02221Bought-Deal-Financing.asp
The
Company plans to use the net proceeds of the Offering to expand the Las Chispas
resources and reserves through further drilling, to optimize the mine and
processing plant design, to explore regional targets, and for general working
capital purposes.
ABOUT SILVERCREST
METALS INC.
SilverCrest
is a Canadian precious metals exploration and development company headquartered
in Vancouver, BC, that is focused on new discoveries, value-added acquisitions
and targeting production in Mexico's historic precious metal districts. The
Company's current focus is on the high-grade, historic Las Chispas mining
district in Sonora, Mexico. The Las Chispas Project consists of 28 mineral
concessions, of which the Company has 100% ownership, where all the known
mineral resources and reserves are located. SilverCrest is the first company to
successfully drill-test the historic Las Chispas Property resulting in numerous
high-grade precious metal discoveries. The Company is led by a proven
management team in all aspects of the precious metal mining sector, including
taking projects through discovery, finance, on time and on budget construction,
and production.
FORWARD-LOOKING
STATEMENTS
This
news release contains "forward–looking statements" within the meaning
of Canadian securities legislation and the United States Private Securities
Litigation Reform Act of 1995. Such forward–looking statements concern the
intended use of proceeds. Such forward–looking statements or information are
based on a number of assumptions, which may prove to be incorrect. Assumptions
have been made regarding, among other things: conditions in general economic
and financial markets; timing and amount of capital expenditures; and effects
of regulation by governmental agencies. The actual results could differ
materially from those anticipated in these forward–looking statements as a
result of the risk factors including: the timing and content of work programs;
results of exploration activities of mineral properties; the interpretation of
drilling results and other geological data; and general market and industry
conditions. Forward–looking statements are based on the expectations and
opinions of the Company's management on the date the statements are made. The
assumptions used in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
readers are cautioned not to place undue reliance on these forward–looking
statements, which speak only as of the date the statements were made. The
Company undertakes no obligation to update or revise any forward–looking
statements included in this news release if these beliefs, estimates and
opinions or other circumstances should change, except as otherwise required by
applicable law.
N.
Eric Fier, CPG, P.Eng
Chief
Executive Officer
SilverCrest
Metals Inc.
SOURCE
SilverCrest Metals Inc.
SilverCrest
Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a featured company on Investorideas.com
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