TSX: SIL | NYSE American: SILV
VANCOUVER, BC, Feb. 22, 2021 /PRNewswire/ - SilverCrest Metals
Inc. ("SilverCrest" or the "Company") is pleased to announce the
completion of its prospectus offering announced on
February 11, 2021 for the issuance of a total of 15,007,500
common shares at a price of US$9.20
per common share for gross proceeds of US$138,069,000, including exercise of the
over–allotment option in full (the "Offering"). The Offering was
co–led by Scotiabank, Raymond James Ltd., and RBC Capital Markets
on behalf of a syndicate of underwriters that included
PI Financial Corp. and BMO Capital Markets.
The Company plans to use the net proceeds of the Offering to
expand the Las Chispas resources and reserves through further
drilling, to optimize the mine and processing plant design, to
explore regional targets, and for general working capital
purposes.
ABOUT SILVERCREST METALS INC.
SilverCrest is a
Canadian precious metals exploration and development company
headquartered in Vancouver, BC,
that is focused on new discoveries, value-added acquisitions and
targeting production in Mexico's
historic precious metal districts. The Company's current focus is
on the high-grade, historic Las Chispas mining district in
Sonora, Mexico. The Las Chispas
Project consists of 28 mineral concessions, of which the
Company has 100% ownership, where all the known mineral resources
and reserves are located. SilverCrest is the first company to
successfully drill-test the historic Las Chispas Property resulting
in numerous high-grade precious metal discoveries. The Company is
led by a proven management team in all aspects of the precious
metal mining sector, including taking projects through discovery,
finance, on time and on budget construction, and production.
FORWARD-LOOKING
STATEMENTS
This news release
contains "forward–looking statements" within the meaning of
Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995. Such forward–looking
statements concern the intended use of proceeds. Such
forward–looking statements or information are based on a number of
assumptions, which may prove to be incorrect. Assumptions have been
made regarding, among other things: conditions in general economic
and financial markets; timing and amount of capital expenditures;
and effects of regulation by governmental agencies. The actual
results could differ materially from those anticipated in these
forward–looking statements as a result of the risk factors
including: the timing and content of work programs; results of
exploration activities of mineral properties; the interpretation of
drilling results and other geological data; and general market and
industry conditions. Forward–looking statements are based on the
expectations and opinions of the Company's management on the date
the statements are made. The assumptions used in the preparation of
such statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, readers are
cautioned not to place undue reliance on these forward–looking
statements, which speak only as of the date the statements were
made. The Company undertakes no obligation to update or revise any
forward–looking statements included in this news release if these
beliefs, estimates and opinions or other circumstances should
change, except as otherwise required by applicable law.
N. Eric
Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.
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SOURCE SilverCrest Metals Inc.