Silver Crown Royalties Inc., a notable player in the silver royalty sector, has forged a strategic partnership with Investor Cubed Inc. to enhance its investor relations and shareholder communications. This collaboration coincides with the completion of the first tranche of a non-brokered private placement, marking a significant step in the company's growth strategy. The agreement stipulates that Investor Cubed will deliver investor relations services over a year, compensated with monthly payments of C$10,000 and 25,000 common shares distributed quarterly.
The private placement's initial tranche saw the issuance of 67,538 units at C$6.50 each, amassing gross proceeds of around C$439,000. Each unit includes one common share and a warrant, the latter enabling the purchase of an additional share at C$13.00 within three years. Neil Simon, CEO of Investor Cubed, shared his optimism about the partnership, underscoring Silver Crown's appeal as an investment avenue in the burgeoning silver market.
Peter Bures, CEO of Silver Crown Royalties, highlighted the strategic importance of this alliance, pointing to Investor Cubed's proficiency in linking the company with pivotal Canadian investors. The capital raised is earmarked for partially financing the second tranche of a silver royalty acquisition on the Igor 4 project in Peru, alongside covering general administrative costs. With four silver royalties in its portfolio, three of which are revenue-generating, Silver Crown Royalties presents a compelling business model. It offers investors exposure to precious metals, serving as a hedge against currency devaluation and reducing risks associated with production cost inflation.
