SilverCrest Metals Closes Oversubscribed Private Placement for $2.5 Million

VANCOUVER, Nov. 19, 2015 /CNW/ – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to report that the non-brokered private placement of $2.25 million announced November 4, 2015 was oversubscribed. The Company completed on November 19, 2015 the private placement of 16,665,143 units at a price of Cdn$0.15 per unit for gross proceeds of Cdn$2.5 million.  Each unit consists of one common share and one‑half of one common share purchase warrant, with each whole warrant being exercisable for one common share of SilverCrest at a price of Cdn$0.20 per share for a term of 2 years.  No finder’s fees were paid in connection with this placement.

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