Silver Crown Royalties Closes Strategic Investment with Michael Gentile

Executive Summary

• Silver Crown Royalties Inc. closed a non‑brokered private placement raising approximately C$3 million from strategic investor Michael Gentile.
• The offering consisted of 424,500 units at C$7 per unit; each unit includes one common share and one warrant to purchase an additional share at C$8.25 for three years.
• Proceeds will be used primarily to acquire accretive silver royalty interests and to bolster general working capital.

Key Details

• Units Sold: 424,500 units (each = 1 Common Share + 1 Warrant).
• Price per Unit: C$7.00.
• Total Gross Proceeds: ~C$3,000,000.
• Warrant Terms: Right to purchase one additional common share at C$8.25 per share; exercisable for three years from closing date.
• Statutory Hold Period: Common shares and warrants subject to a four‑month plus one day hold period.
• Use of Proceeds: Primarily for the identification and acquisition of accretive silver royalty assets; remainder for general working capital.
• Investor Ownership Post‑Closing: Approximately 18.52% of issued and outstanding common shares on a partially diluted basis (424,500 shares, 424,500 warrants, and 50,000 stock options).
• Early Warning Filing: Strategic Investor filed required Early Warning Report under NI 62‑103; report available on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)