/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED
STATES/
TSX-V: SIL
VANCOUVER, Dec. 14, 2016
/CNW/ - SilverCrest Metals Inc. ("SilverCrest" or the
"Company") is pleased to announce that, in connection with its
completed offering of 4,550,000 units of the Company ("Units")
at a price of C$2.20 per Unit (the
"Issue Price") for gross proceeds of C$10,010,000 on December 6, 2016, the
over-allotment option granted to National Bank Financial Inc.,
PI Financial Corp. and Canaccord Genuity Corp., as
underwriters, to purchase up to an additional 682,500 Units
(the "Over-Allotment Option") at the Issue Price was exercised in
full for additional aggregate gross proceeds of C$1,501,500.
The sale of the additional Units today pursuant to the
Over-Allotment Option brings the aggregate gross proceeds to
SilverCrest (including the Over-Allotment Option) to C$11,511,500.
Each Unit consists of one common share of SilverCrest (a "Common
Share") and one half of one common share purchase warrant (each
whole warrant, a "Warrant"). Each Warrant will entitle the holder
to acquire one common share of SilverCrest at an exercise price of
C$3.00 until December 6,
2018. The Warrants were posted for trading on the TSX Venture
Exchange on December 9, 2016 under the trading symbol
"SIL.WT".
ABOUT SILVERCREST METALS INC.
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 is led by a proven management team in
all aspects of the precious metal mining sector, including the
pioneering of a responsible "phased approach" business model taking
projects through discovery, finance, on time and on budget
construction, and production with subsequent increased value to
shareholders.
N. Eric Fier, CPG,
P.Eng.
CEO and
President
SilverCrest Metals
Inc
Neither TSX Venture Exchange nor its Regulation
Services Provider (as defined in the policies of the TSX Venture
Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
SOURCE SilverCrest Metals Inc.
