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SilverCrest announces C$80 million bought-deal financing

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(Kitco News) - SilverCrest Metals said today it has entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc., Desjardins Capital Markets and Scotiabank to purchase on a bought-deal basis 11 million common shares  at a price of C$7.28 per share for aggregate gross proceeds of C$80 million.

Funds will be used for exploration and development of the Company’s Las Chispas Project.

SilverCrest is a Vancouver-based company focused on Mexico.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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