National Bank Financial Purports to Terminate Bought Deal Financing with SilverCrest Metals Inc.

nr_20200318

VANCOUVER, BC – March 18, 2020 – SilverCrest Metals Inc. (“SilverCrest”) announces that it has received notice from National Bank Financial Inc. (“NBF”) purporting to terminate its obligations pursuant to an agreement dated March 11, 2020 (the “Agreement”) whereby NBF had asked for and agreed to purchase on a “bought deal” basis 9,100,000 common shares at price of $8.25 per common share. The “bought deal” financing was announced by SilverCrest on March 11, 2020.  NBF advised SilverCrest that the reason for the purported termination was based on the “disaster out” clause of the Agreement.

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