Silver Crown Royalties Inc. has completed the second tranche of its non-brokered private placement, raising approximately C$489,515 through the issuance of 75,310 units. Each unit was priced at C$6.50 and consists of one common share and one common share purchase warrant. The warrant provides investors with the right to acquire an additional common share at C$13.00 within three years of the closing date. This financing milestone brings the company's total issuance to 142,848 units across both tranches, generating cumulative gross proceeds of C$928,512.
The capital raised will be strategically allocated to partially finance the second tranche of the company's silver royalty acquisition on the Igor 4 project in Peru, while also covering general and administrative expenses. This funding approach demonstrates the company's commitment to expanding its royalty portfolio while maintaining operational efficiency. All securities issued through this private placement are subject to a standard four-month and one-day statutory hold period in compliance with securities legislation, ensuring regulatory compliance while providing investors with future liquidity options.
As a publicly traded silver royalty company, Silver Crown currently maintains four silver royalties, with three already generating revenue. The company's business model offers investors exposure to precious metals while providing a natural hedge against currency devaluation and mitigating potential negative impacts from production cost inflation. This financing success comes at a time when investors are increasingly seeking alternative investment vehicles that provide commodity exposure without direct operational risks associated with traditional mining companies.
The completion of this second tranche represents a significant step in Silver Crown's growth strategy, enabling the company to strengthen its financial position while continuing to build its portfolio of revenue-generating assets. The company's focus on silver royalties positions it to benefit from ongoing industrial demand and investment interest in precious metals, particularly as global economic uncertainties continue to drive interest in hard assets and inflation-resistant investments.
