Silver Crown Royalties Secures $4.5 Million Private Placement with Notable Investor Participation

Silver Crown Royalties Inc. has closed a C$4.5 million non-brokered private placement of its common shares. The offering involved two investors subscribing for 321,429 common shares at a price of C$14.00 per share. Notably, investor Michael Gentile subscribed for 219,150 of these shares, increasing his partially diluted ownership interest in the company to just under 20%.

Peter Bures, Chief Executive Officer of Silver Crown, stated that the premium-to-market financing represents a strong vote of confidence from a leading investor in the mineral resource sector. He emphasized that the company’s enhanced cash position will allow it to continue pursuing transactions and aggressively grow the business. The proceeds are earmarked primarily for acquiring specific accretive silver royalties the company has identified.

Following the offering, Silver Crown has 5,366,550 issued and outstanding common shares. The company’s total cash position, inclusive of the market value of 15,000 ounces of silver bullion, is approximately C$14.2 million. The common shares issued are subject to a statutory hold period of four months and one day.

In accordance with securities regulations, Gentile has filed an Early Warning Report related to his acquisition. Prior to this transaction, he owned approximately 9.89% of the common shares on an undiluted basis and 16.52% on a partially diluted basis. Post-transaction, his ownership increased to approximately 12.15% undiluted and 19.36% partially diluted. The Early Warning Report is available on the company’s profile on the System for Electronic Document Analysis and Retrieval at https://www.sedarplus.ca.

The company noted that this news release does not constitute an offer to sell securities and that the securities have not been registered under the United States Securities Act of 1933. The original release can be viewed on https://www.newmediawire.com. This financing strengthens Silver Crown’s ability to execute its business model of acquiring silver royalties, which aims to provide investors exposure to precious metals while mitigating production cost inflation.

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