https://www.engineeringnews.co.za
Aggregate|Exploration|Financial|Mining|PROJECT
Aggregate|Exploration|Financial|Mining|PROJECT
aggregate|exploration|financial|mining|project

SilverCrest announces C$22m financing, SSR to maintain interest

23rd July 2019

By: Creamer Media Reporter

     

Font size: - +

Precious metals exploration company SilverCrest has announced that it will raise C$22-million in bought deal financing, the proceeds of which will be used for advancing the Las Chispas project, in Sonora, Mexico, to feasibility study level.

SilverCrest, which trades on the TSX-V, entered into an agreement with a syndicate of underwriters led by National Bank Financial and Desjardins Capital Markets, pursuant to which they agreed to purchase, on a bought-deal basis, 3.76-million common shares at C$5.85 a share.

SilverCrest closed at C$6.25 a share on Monday.

The underwriters have been granted an option to purchase from the company up to an additional 15% of the shares offered under the offering, within a 30-day period.

SSR Mining has indicated that it will elect to exercise its right to maintain its pro rata ownership interest of up to 9.9% in SilverCrest and has agreed to purchase a minimum of 718 000 shares of SilverCrest and, in the event of exercise of the over-allotment option in full, a maximum of 780 000 shares at C$5.85 a share, for aggregate proceeds of C$4.2-million in a separate non-brokered private placement.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.074 0.126s - 158pq - 2rq
Subscribe Now