#Mining Stock News:
#SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Closes C$25,308,855 Million Bought
Deal Financing
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia - August 15, 2019
(Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.V; NYSE American:
SILV) ("SilverCrest" or the "Company") is
pleased to announce the completion of its prospectus offering announced on July
23, 2019 whereby the Company issued a total of 4,326,300 common shares at a
price of $5.85 per common share for gross proceeds of $25,308,855, including
exercise of the over-allotment option in full (the "Offering"). The
Offering was led by National Bank Financial Inc. and Desjardins Capital Markets
on behalf of a syndicate of underwriters that included Cormark Securities Inc.,
PI Financial Corp., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Eight
Capital, Beacon Securities Limited, Roth Capital Partners, LLC and Scotia
Capital Inc.
The Company paid the underwriters an aggregate cash
commission of $1,252,942. The Company plans to use the net proceeds of the
Offering for continued exploration and advancement of the Las Chispas Project
to feasibility level and for working capital purposes.
Pursuant to the Company's news release dated July
23, 2019, SSR Mining Inc. ("SSR Mining") agreed to purchase 780,000
shares of SilverCrest at a price of C$5.85 for aggregate proceeds of C$4.6
million in a separate non-brokered private placement. The SSR Mining private
placement is scheduled to close within 3 business days of closing of the
Offering.
The securities described herein have not been and
will not be registered under the United States Securities Act of 1933, as
amended, or the securities laws of any state and may not be offered or sold in
the United States absent an exemption from registration.
Read this in full at https://www.investorideas.com/CO/SILV/news/2019/08151BoughtDealFinancing-Close.asp
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. SilverCrest
is the first company to successfully drill-test the historic Las Chispas Project
resulting in numerous 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. Such
forward-looking statements concern the intended use of proceeds and the
scheduled closing date for the non-brokered private placement. 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.
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
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
Vancouver, British Columbia V6C 3P1
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