Northwire Canada EditionThursday, July 16, 2026
Northwire
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Financings

Silver Crown holder Gentile subscribes for $3M in units

SCRI · Price

Executive Summary

  • Silver Crown Royalties Inc. received a $3 million strategic investment from Michael Gentile via a non‑brokered private placement of 424,500 units at $7 per unit.
  • Each unit includes one common share and one common share purchase warrant; the proceeds will fund accretive silver royalty acquisitions and general working capital.
  • Michael Gentile was appointed as a strategic adviser and received 50,000 stock options (strike $8.05) plus participation in the company’s restricted share unit program.

Key Details

  • Investment amount: $3 million.
  • Units sold: 424,500 units at $7.00 per unit.
  • Unit composition: 1 common share + 1 common share purchase warrant per unit.
  • Use of proceeds: Primarily to acquire accretive silver royalties identified by the company and to bolster general working capital for portfolio expansion.
  • Strategic adviser appointment: Michael Gentile, CFA, joins Silver Crown Royalties as a strategic adviser.
  • Compensation to adviser: 50,000 stock options with an $8.05 strike price, exercisable over three years; entitlement to participate in the restricted share unit program under the omnibus equity incentive plan.
  • Investor profile: Michael Gentile is a prominent investor and board member across >25 junior mining companies, co‑founder of Bastion Asset Management (>$700 M AUM), former VP & senior portfolio manager at Formula Growth Ltd.

Notable Quotes

  • Peter Bures, CEO: “We are humbled to have Michael Gentile join our team as a strategic investor and a strategic adviser… the proceeds will be allocated primarily toward specific accretive silver royalties…and general working capital.”
  • Michael Gentile: “I am very excited to join Silver Crown Royalties as a cornerstone shareholder and strategic adviser… I look forward to helping SCRi accelerate their growth initiatives and increase their market presence.”
Read the original news release →

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