In This Article:
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.