Silver Crown Royalties closes $3.29-million financing

Executive Summary

• Silver Crown Royalties Inc. closed an oversubscribed brokered life offering, selling 599,064 units at $5.50 per unit for total gross proceeds of $3,294,852.
• The net proceeds will be used to finalize PPX and EDM Resources royalty transactions, acquire additional silver royalties, fund due‑diligence, and cover administrative expenses, supporting portfolio growth in a strong silver market.
• Each unit includes one common share and one warrant (exercise price $8.25, 36‑month term) with an acceleration feature if the VWAP exceeds $11 for 30 consecutive trading days.

Key Details

• Units sold: 599,064 (including overallotment).
• Price per unit: $5.50.
• Aggregate gross proceeds: $3,294,852.
• Lead agent/sole bookrunner: Centurion One Capital Corp.
• Unit composition: 1 common share + 1 common share purchase warrant.
• Warrant terms: Exercise price $8.25; expires 36 months after closing; acceleration right if VWAP > $11 for 30 consecutive days, extending expiry to the 30th day after notice of exercise.
• Commission paid: $263,588.16 cash.
• Broker warrants issued: 47,925 broker warrants (right to acquire a unit at issue price for three years from closing).
• Use of proceeds:
• Finalize remaining PPX and EDM Resources royalty transactions.
• Finance new silver royalty acquisitions and processing facilities.
• Support due‑diligence efforts and administrative expenses.
• Regulatory basis: Units issued under NI 45‑106 Part 5A exemptions (Coordinated Blanket Order 45‑935). No hold period required.

Notable Quotes

“Silver Crown Royalties is very pleased to close this oversubscribed financing. Investor demand surpassed our initial target, enabling us to increase the size of this offering. This new capital will allow us to secure new royalties, deliver shareholder value and continue to grow our portfolio.” – Peter Bures, Executive Chairman & CEO.