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Silver Crown Royalties Closes Strategic Investment with Michael Gentile
Thenewswire· 2026-01-15 08:00
Core Viewpoint - Silver Crown Royalties Inc. has successfully closed a non-brokered private placement with strategic investor Michael Gentile, raising approximately C$3,000,000 through the sale of 424,500 units at C$7 per unit, which will be used for specific silver royalties and general working capital [1] Group 1: Offering Details - The offering consists of 424,500 units, each comprising one common share and one warrant, with warrants allowing the purchase of additional shares at C$8.25 for three years [1] - The total proceeds from the offering are approximately C$3,000,000, aimed at advancing identified silver royalties and enhancing working capital [1] - No finder's fees or commissions were paid in connection with the offering, and the securities will be subject to a four-month hold period [1] Group 2: Strategic Investor Information - The strategic investor, Michael Gentile, did not own any common shares prior to the offering but now indirectly owns 424,500 common shares and 424,500 warrants, representing about 18.52% of the issued and outstanding common shares on a partially diluted basis [3] - The common shares acquired by the strategic investor are for investment purposes [3] Group 3: Company Overview - Silver Crown Royalties Inc. is a publicly traded silver royalty company focused on generating free cash flow and currently holds five silver royalties [6] - The company's business model provides investors with exposure to precious metals, serving as a hedge against currency devaluation while minimizing the economic burden on mining projects [6]