Silver Crown Royalties Completes Second Tranche of Unit Offering
Toronto, ON -- March 31, 2025 -- NewsGenie -- Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) has announced the successful closing of the second tranche of its non-brokered unit offering, initially announced on February 6, 2025.
The Second Tranche involved the issuance of 75,310 Units at C$6.50 each, generating gross proceeds of approximately C$489,515. Each Unit includes one common share and one warrant, with each warrant allowing the holder to purchase an additional common share at C$13.00 for three years. The offering has now issued a total of 142,848 units, resulting in cumulative gross proceeds of C$928,512.
The funds from the Second Tranche will support the second tranche of Silver Crown’s silver royalty acquisition related to the Igor 4 project in Peru, as well as cover general and administrative costs. All issued securities are subject to a statutory hold period of four months plus one day, following securities legislation. The closing was approved by Cboe Canada Inc.
Silver Crown Royalties Inc. is a publicly traded silver royalty company with four silver royalties, three of which are currently revenue-generating. The company aims to offer investors exposure to precious metals while hedging against currency devaluation and minimizing the impact of cost inflation.
Peter Bures, Chairman and CEO
Telephone: (416) 481-1744
Email: pbures@silvercrownroyalties.com