SilverCrest Over‑Allotment Option Exercised in Full

http://www.stockhouse.com/news/press-releases/2016/12/14/silvercrest-over-allotment-option-exercised-in-full

VANCOUVER, Dec. 14, 2016 /CNW/ – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce that, in connection with its completed offering 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 C$10,010,000 on December 6, 2016, the over-allotment option granted to National Bank Financial Inc., PI Financial Corp. and Canaccord Genuity Corp., as underwriters, to purchase up to an additional 682,500 Units (the “Over-Allotment Option”) at the Issue Price was exercised in full for additional aggregate gross proceeds of C$1,501,500.

The sale of the additional Units today pursuant to the Over-Allotment Option brings the aggregate gross proceeds to SilverCrest (including the Over-Allotment Option) to C$11,511,500.

 

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