#Mining Stock News:
#SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Files Final Base Shelf Prospectus; @SilverCrestMet
Vancouver,
British Columbia - June 9, 2020 (Investorideas.com Newswire) SilverCrest Metals
Inc. (TSX:
SIL.TO; NYSE
American: SILV)
("SilverCrest" or the "Company") is pleased to announce the
filing of a final short form base shelf prospectus ("Prospectus") to
provide the Company with the flexibility to take advantage of equity, debt,
convertible debt and other financing opportunities that may arise during the
25-month effective period of the Prospectus.
Read this news
featuring SilverCrest in full at https://www.investorideas.com/CO/SILV/news/2020/06091Prospectus.asp
The
Prospectus has been filed in each of the provinces of Canada, except Quebec,
and a corresponding shelf registration statement on Form F-10
("Registration Statement") was also filed with the United States
Securities and Exchange Commission ("SEC") under the U.S. Securities
Act of 1933, as amended, and the Multijurisdictional Disclosure System
established between Canada and the United States. These filings enable
offerings of common shares, warrants, subscription receipts, debt and
convertible debt securities or units of up to an aggregate initial offering
price of Cdn. $200 million at any time during the period the Prospectus is
effective.
N.
Eric Fier, CEO of SilverCrest commented, "We currently have US$164 million
dollars in the bank and are fully financed for Las Chispas mine construction.
The filing of this shelf prospectus, with a window of 25-months, puts us in a
position to rapidly complete a potential future financing to enable us to
continually drill through the construction period and maintain strategic flexibility
if other opportunities arise."
Copies
of the Prospectus and the Registration Statement may be obtained by contacting
SilverCrest at Suite 501, 570 Granville Street, Vancouver, British Columbia V6C
3P1, Attention: Chief Financial Officer. Copies of the Prospectus and the
Registration Statement are also available at www.sedar.com and www.sec.gov,
respectively.
The
Registration Statement filed with the SEC has not yet become effective. Until
the Registration Statement becomes effective, no securities may be sold, nor
may offers to buy be accepted. This press release does not constitute an offer
to sell any securities or the solicitation of an offer to buy securities, nor
will there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction. If any
securities are offered under the Prospectus or Registration Statement, the
terms of such securities and the intended use of any net proceeds will be
established at the time of such offering and will be described in a Prospectus
supplement filed with the applicable Canadian securities regulatory authorities
and the SEC at the time of such an offering and would be made available by
SilverCrest at the above address.
ABOUT SILVERCREST METALS INC.
SilverCrest is a Canadian precious metals
exploration 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 28 100%-owned mineral concessions where all of the resources are
located. SilverCrest is the first company to successfully drill-test the
historic Las Chispas Project, resulting in numerous discoveries that are being
evaluated for economic viability and potential production in the future. 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 describe the
anticipated offering of securities under the Company's Prospectus and
Registration Statement. 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.
Since
forward-looking statements are not statements of historical fact and address
future events, conditions and expectations, forward-looking statements by their
nature inherently involve unknown risks, uncertainties, assumptions and other
factors well beyond the Company's ability to control or predict. Actual events,
results and developments may differ materially from those contemplated by such
forward-looking statements as a result of risk factors including risks related
to timing of, and ability to obtain, required regulatory approvals, general
economic and financial conditions, and regulatory changes.
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.
Chief Executive Officer
SilverCrest Metals Inc.
For Further Information:
SilverCrest
Metals Inc.
Contact: Jacy Zerb, Investor Relations Manager
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Contact: Jacy Zerb, Investor Relations Manager
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
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