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Silvercrest Metals (SILV) RSS Feed

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SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries,
value-added acquisitions and targeting production in Mexico's historic precious metal districts.
 


04-26-2020 REVIEW; #2, GENERAL DEVELOPMENT OF THE BUSINESS,WAS SPINOFF FROM FROM SILVERCREST MINING IN MERGER DEAL WITH 
" The Company was established as part of an arrangement (the “Arrangement”)
completed under the BCBCA on October 1, 2015, pursuant to which 
First Majestic Silver Corp. (“First Majestic”)
acquired SilverCrest Mines after the Company was spun off 
from SilverCrest Mines to the former shareholders of SlverCrest Mines.


3.1 History
Upon the Company’s incorporation on June 23, 2015, the Company was a wholly owned subsidiary of SilverCrest
Mines Inc. (“SilverCrest Mines”). 
The Company was established as part of an arrangement (the “Arrangement”)
completed under the BCBCA on October 1, 2015, pursuant to which 
First Majestic Silver Corp. (“First Majestic”)
acquired SilverCrest Mines after the Company was spun off from SilverCrest Mines to the former shareholders of
SilverCrest Mines.


The Arrangement resulted in the Company holding title to various exploration properties located
in Mexico that were formerly held by SilverCrest Mines. 

The common shares of the Company (the “Common
Shares”) commenced trading on the TSX Venture Exchange (“TSX-V”) at opening on October 9, 2015, under the
symbol “SIL”.


At the time of the Arrangement, the Company considered its 
Cruz de Mayo property (“Cruz de Mayo”) in Mexico to
be its material property. 

During 2016, the Company’s main focus has been its Las Chispas property (“Las Chispas”)
in Mexico.


The Company’s other exploration properties include the Huasabas, Guadalupe, 
Angel de Plata and Estacion Llano properties, all located in Mexico.


In connection with the Arrangement, the Company had available working capital of approximately $5,250,000.

In
November 2015, the Company completed a non-brokered private 
placement of 16,665,143 units at a price of $0.15
per unit for gross proceeds of approximately $2.5 million. 
Each unit consisted of one common share of the Company
and one half of a common share purchase warrant of the Company, 
with each whole warrant being exercisable for
one common share of the Company at a price of $0.20 per share for 
a term of two years.

https://backend.otcmarkets.com/otcapi/company/financial-report/171266/content


https://www.otcmarkets.com/stock/SILV/disclosure

https://www.otcmarkets.com/stock/SILV/news

https://www.otcmarkets.com/stock/SILV/security

https://www.otcmarkets.com/stock/SILV/profile

https://www.otcmarkets.com/stock/SILV/quote

https://www.otcmarkets.com/stock/SILV/overview


NOW  Silvercrest Metals
FROM SILVERCREST MINES

GENERAL DEVELOPMENT OF THE BUSINESS
3.1 History
Upon the Company’s incorporation on June 23, 2015, the Company was a wholly owned subsidiary of SilverCrest
Mines Inc. (“SilverCrest Mines”). The Company was established as part of an arrangement (the “Arrangement”)
completed under the BCBCA on October 1, 2015, pursuant to which First Majestic Silver Corp. (“First Majestic”)
acquired SilverCrest Mines after the Company was spun off from SilverCrest Mines to the former shareholders of
SilverCrest Mines.


The Arrangement resulted in the Company holding title to various exploration properties located
in Mexico that were formerly held by SilverCrest Mines. The common shares of the Company (the “Common
Shares”) commenced trading on the TSX Venture Exchange (“TSX-V”) at opening on October 9, 2015, under the
symbol “SIL”.


At the time of the Arrangement, the Company considered its Cruz de Mayo property (“Cruz de Mayo”) in Mexico to
be its material property. During 2016, the Company’s main focus has been its Las Chispas property (“Las Chispas”)
in Mexico.


The Company’s other exploration properties include the Huasabas, Guadalupe, Angel de Plata and
Estacion Llano properties, all located in Mexico.
In connection with the Arrangement, the Company had available working capital of approximately $5,250,000.

In
November 2015, the Company completed a non-brokered private placement of 16,665,143 units at a price of $0.15
per unit for gross proceeds of approximately $2.5 million. Each unit consisted of one common share of the Company
and one half of a common share purchase warrant of the Company, with each whole warrant being exercisable for
one common share of the Company at a price of $0.20 per share for a term of two years.

https://backend.otcmarkets.com/otcapi/company/financial-report/171266/content


Silvercrest Metals  (SILV)

SilverCrest is a Canadian precious metals exploration 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.

SilverCrest is the first company to successfully drill-test the historic Las Chispas Project resulting in numerous discoveries.

The Company is led by a proven management team in all aspects of the precious metals mining sector, including taking projects
through discovery, finance, on time and on budget construction, and production.  

 

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

For Further Information:

SilverCrest Metals Inc.
Contact: Jacy Zerb, Investor Relations Manager
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730  (Canada & USA)
Email: info@silvercrestmetals.com
Website: www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

No securities regulatory authority has either approved or disapproved of the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54841

 

PER  IHUB  MGMT 

02-07-2021
DISCLAIMER:  ONLY FOR MICK
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