SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce the completion of its prospectus offering announced on November 15, 2016 whereby the Company issued a total of 4,550,000 units of the Company (“Units”) at a price of C$2.20 per Unit (the “Issue Price”) for gross proceeds of $10,010,000 (the “Offering”). Each Unit consists of one common share of SilverCrest (a “Common Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one common share of SilverCrest at an exercise price of C$3.00 until December 6, 2018.
The Offering was led by National Bank Financial Inc., and included PI Financial Corp. and Canaccord Genuity Corp. as underwriters. The Company paid the underwriters a cash commission of 6% of the gross proceeds of the Offering.