Original News Release
Silver Crown further increases offering to $3-million
Mr. Peter Bures reports
SILVER CROWN ROYALTIES ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED LIFE OFFERING TO $3M LED BY CENTURION ONE CAPITAL AND FILING OF THIRD AMENDED AND RESTATED OFFERING DOCUMENT
In connection with a private placement offering of units, as previously announced in its press releases dated Sept. 11, 2025, and Sept. 25, 2025, the board of directors of Silver Crown Royalties Inc. has approved an upsizing of the offering due to strong investor demand from 454,545 units to 545,454 units at an issue price of $5.50 per unit for aggregate gross proceeds of up to approximately $3-million.
Each unit shall consist of one common share in the capital of the company and one common share purchase warrant. Each warrant shall entitle the holder to purchase one share at a price of $8.25 for a period of 36 months from the closing date. The warrants will be subject to an acceleration right if, on any 30 consecutive trading days, beginning on the date that is the closing date, the daily volume-weighted average trading price of the share is greater than $11. If the company exercises its warrant acceleration right, the new expiry date of the warrants will be the 30th day following the notice of such exercise.
The offering is led by Centurion One Capital Corp. as lead agent and sole bookrunner.
In connection with the upsized offering, the company has filed a third amended and restated offering document dated Oct. 1, 2025, which can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the amended offering document before making an investment decision.
In addition, the company will grant the lead agent an option to sell up to an additional 81,818 units at the offering price to raise additional gross proceeds of up to approximately $450,000 on the same terms and conditions as set out herein. The agent's option is exercisable in whole or in part at any time up to the closing date.
The net proceeds of the offering are expected to be used for the purchase of additional royalties, as well as general working capital.
It is anticipated that certain insiders of the company and the lead agent may acquire units in the offering in amounts up to approximately 25 per cent of the offering. Any participation by insiders in the offering will constitute a related-party transaction, as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company expects such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the units subscribed for by the insiders, nor the consideration for the units paid by such insiders is expected to exceed 25 per cent of the company's market capitalization.
In connection with the offering, commissions will be payable in accordance with the policies of the Cboe Canada. Details of the fees and compensation can be found in the offering document.
The offering is expected to close on or about Oct. 3, 2025, or such other date as agreed upon between the company and the lead agent, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Cboe and shareholder approval, which shareholder approval may be obtained by written consent resolution of disinterested shareholders of the company holding more than 50 per cent of the common shares of the company issued and outstanding.
The units will be offered for sale by way of private placement pursuant to the listed issuer financing exemption under Section 5A.2 of National Instrument 45-106 (Prospectus Exemptions) as modified by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption) in British Columbia, Alberta and Ontario, in the United States pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended, and in jurisdictions outside of Canada and the United States mutually agreed by the company and the lead agent, provided it is understood that no prospectus filing, registration or comparable obligation arises in such other jurisdiction. The securities issued under the listed issuer financing exemption will not be subject to a statutory hold period pursuant to applicable Canadian securities laws.
About Silver Crown Royalties Inc.
Founded by seasoned industry professionals, Silver Crown Royalties is a publicly traded silver royalty company dedicated to generating free cash flow. Silver Crown currently holds five silver royalties. Its business model offers investors exposure to precious metals, providing a natural hedge against currency devaluation while mitigating the adverse effects of production-related cost inflation. Silver Crown strives to minimize the economic burden on mining projects while simultaneously maximizing shareholder returns.
We seek Safe Harbor.
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