Precious metals exploration company SilverCrest has announced that it will raise C$22-million in bought deal financing, the proceeds of which will be used for advancing the Las Chispas project, in Sonora, Mexico, to feasibility study level.
SilverCrest, which trades on the TSX-V, entered into an agreement with a syndicate of underwriters led by National Bank Financial and Desjardins Capital Markets, pursuant to which they agreed to purchase, on a bought-deal basis, 3.76-million common shares at C$5.85 a share.