TSX: SIL | NYSE American: SILV
VANCOUVER, BC, Feb. 11,
2025 /CNW/ - SilverCrest Metals Inc. ("SilverCrest"
or the "Company") is pleased to announce that the Supreme Court of
British Columbia has granted the
final order in connection with the Company's plan of arrangement
(the "Arrangement") with Coeur Mining, Inc. ("Coeur"), whereby
Coeur will, among other things, indirectly acquire all of the
issued and outstanding SilverCrest shares. Pursuant to the
Arrangement, SilverCrest shareholders will receive 1.6022 shares of
Coeur common stock for each SilverCrest common share held.
Subject to obtaining all required approvals and the satisfaction
or waiver of all required conditions, the Arrangement is expected
to close on or about February 14,
2025. Following closing of the Arrangement, the SilverCrest
shares are expected to be de-listed from the Toronto Stock Exchange
and the NYSE American (the "De-Listing"). Following the
De-Listing, it is anticipated that SilverCrest will apply to cease
to be a reporting issuer under applicable Canadian securities laws
and will deregister the SilverCrest shares under the U.S.
Securities Exchange Act of 1934, as amended.
For a more detailed description of the Arrangement, please refer
to SilverCrest's management information circular dated January 8, 2025 (the "Circular"), available on
SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on
SilverCrest's website at www.silvercrestmetals.com/transaction.
ABOUT SILVERCREST METALS INC.
SilverCrest is a Canadian precious metals producer headquartered
in Vancouver, BC. The
Company's principal focus is its Las Chispas Operation in
Sonora, Mexico. Silvercrest
has an ongoing initiative to increase its asset base by expanding
current resources and reserves, acquiring, discovering, and
developing high value precious metals projects and ultimately
operating multiple silver-gold mines in the Americas. The
Company is led by a proven management team in all aspects of the
precious metal mining sector, including taking projects through
discovery, finance, on time and on budget construction, and
production.
Forward-Looking Statements
This news release contains "forward-looking
statements" and "forward-looking information" (collectively
"forward-looking statements") within the meaning of applicable
Canadian and United States
securities legislation. The words "potential", "expected" and
similar expressions or other words of similar meaning, and the
negatives thereof, are intended to identify forward-looking
statements. These include, without limitation, statements with
respect to: statements regarding SilverCrest and the combined
company's plans and expectations with respect to the proposed
Arrangement and the anticipated impact of the proposed Arrangement
on the combined company's results of operations, financial
position, growth opportunities and competitive position, and the
expected timing of completion of the Arrangement.
These forward-looking statements involve significant risks
and uncertainties that could cause actual results to differ
materially from those anticipated, including, but not limited to,
the risk that any other condition to closing of the Arrangement may
not be satisfied; the risk that the closing of the Arrangement
might be delayed or not occur at all; the risk that the either
Coeur or SilverCrest may terminate the Arrangement Agreement and
either Coeur or SilverCrest is required to pay a termination fee to
the other party; potential adverse reactions or changes to business
or employee relationships of Coeur or SilverCrest, including those
resulting from the announcement or completion of the Arrangement;
the diversion of management time on transaction-related issues; the
ultimate timing, outcome and results of integrating the operations
of Coeur and SilverCrest; the effects of the business combination
of Coeur and SilverCrest, including the combined company's future
financial condition, results of operations, strategy and plans; the
ability of the combined company to realize anticipated synergies in
the timeframe expected or at all; changes in capital markets and
the ability of the combined company to finance operations in the
manner expected; the risk that Coeur or SilverCrest may not receive
the required stock exchange approvals of the Arrangement; the
expected listing of shares on the NYSE; the risk of any litigation
relating to the proposed Arrangement; the risk of changes in
governmental regulations or enforcement practices; the effects of
commodity prices, life of mine estimates; the timing and amount of
estimated future production; the risks of mining activities; and
the fact that operating costs and business disruption may be
greater than expected following the public announcement or
consummation of the Arrangement. Expectations regarding business
outlook, including changes in revenue, pricing, capital
expenditures, cash flow generation, strategies for the combined
company's operations, gold and silver market conditions, legal,
economic and regulatory conditions, and environmental matters are
only forecasts regarding these matters.
Additional factors that could cause results to differ
materially from those described above can be found in the Circular
and SilverCrest's annual information form for the year ended
December 31, 2023, which are filed
with the SEC and on SEDAR+ and available from SilverCrest's website
at www.silvercrestmetals.com under the "Investors" tab, and in
other documents SilverCrest files with the SEC or on SEDAR+. All
forward-looking statements speak only as of the date they are made
and are based on information available at that time. SilverCrest
does not assume any obligation to update forward-looking statements
to reflect circumstances or events that occur after the date the
forward-looking statements were made or to reflect the occurrence
of unanticipated events except as required by applicable securities
laws. As forward-looking statements involve significant risks and
uncertainties, caution should be exercised against placing undue
reliance on such statements.
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SOURCE SilverCrest Metals Inc.
