TSX: SIL | NYSE American: SILV
VANCOUVER, BC, Feb. 14,
2025 /CNW/ - SilverCrest Metals Inc.
("SilverCrest" or the "Company") is pleased to announce the
completion of the previously announced plan of arrangement (the
"Arrangement") involving the Company and Coeur Mining, Inc.
("Coeur"), pursuant to which Coeur indirectly, among other things,
acquired all of the issued and outstanding SilverCrest shares (the
"SilverCrest Shares").
Pursuant to the Arrangement, SilverCrest shareholders were
entitled to receive 1.6022 shares of Coeur common stock for each
SilverCrest Share held (the "Consideration"). The SilverCrest
Shares are expected to be delisted from the Toronto Stock Exchange
and the NYSE American within two to three business days following
the date hereof. SilverCrest will also apply to cease to be a
reporting issuer in the applicable jurisdictions of Canada in which it is currently a reporting
issuer.
Further details of the Arrangement are set out in SilverCrest's
management information circular dated as of January 8, 2025 (the "Circular") and related
continuous disclosure documents, which are available on SEDAR+ at
www.sedarplus.ca under SilverCrest's profile and on EDGAR at
www.sec.gov. Shareholders are reminded to review the Circular in
respect of the procedure for receiving the Consideration for their
SilverCrest Shares. Registered shareholders (your SilverCrest
Shares are held by you in physical form or you have a direct
registration system advice) must complete, sign and return the
letter of transmittal, along with their share certificate(s) or DRS
advice(s), to Computershare Investor Services Inc., the depositary
for the Arrangement. Non-registered shareholders (your SilverCrest
Shares in a held with a broker, bank or other intermediary) should
contact their intermediaries for instructions and assistance in
receiving the Consideration for such SilverCrest Shares.
If any shareholder has questions, please contact Computershare
Investor Services Inc., at 1-800-564-6253 (North America toll free) or 1-514-982-7555
(outside North America), or by
email at corporateactions@computershare.com.
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 the
expected timing of delisting from stock exchanges and SilverCrest's
application to cease to be a reporting issuer in the applicable
jurisdictions of Canada in which
it is currently a reporting issuer.
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 of changes in governmental regulations or enforcement
practices; the risks of mining activities; and the fact that
operating costs and business disruption may be greater than
expected following the completion 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.
SOURCE SilverCrest Metals Inc.
