SilverCrest Announces C$31 million Strategic Investment by SSR Mining


VANCOUVER, BC – November 29, 2018 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce that SSR Mining Inc. (“SSR”) has agreed to purchase 8,220,645 common shares of the Company at a price of $3.73 per share for a total investment of $30,663,006 in a non-brokered private placement financing. After giving effect to the private placement, SSR will own 9.9% of the outstanding common shares of SilverCrest on a non-diluted basis. The private placement is expected to close on or about December 7, 2018, subject to receipt of necessary regulatory approvals. The common shares issued to SSR upon closing of the private placement will have a statutory hold period of four months and one day from the closing date. The Company will use the proceeds from the private placement for the exploration and development of the Las Chispas Project and related costs.

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