SilverCrest announces $75m bought-deal financing
Vancouver-headquartered SilverCrest on Wednesday announced a C$75-million bought-deal financing.
The exploration company said it had entered into an agreement with a syndicate of underwriters, led by National Bank Financial, Eight Capital and Scotia Capital, pursuant to which the underwriters had agreed to purchase, on a bought-deal basis, 9.10-million shares at C$8.25 a share.
SSR Mining has a right to maintain its pro rata ownership interest of up to 9.9% of the outstanding shares of SilverCrest.
The offering is expected to close on or about April 3.
SilverCrest’s stock fell sharply on Wednesday, closing at C$7.30 a share.
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