Securityholders are reminded to submit their
proxies well before the proxy voting deadline on Tuesday, February 4, 2025 at 10:00 a.m. (Vancouver Time).
The Board of Directors of SilverCrest
unanimously recommends that Securityholders vote FOR the
Arrangement.
TSX: SIL | NYSE American: SILV
VANCOUVER, BC, Jan. 27,
2025 /CNW/ - SilverCrest Metals Inc. ("SilverCrest"
or the "Company") is pleased to announce that Institutional
Shareholder Services Inc. ("ISS"), a leading independent proxy
advisory firm and other similar advisory firms have each
recommended that SilverCrest shareholders ("Shareholders") vote
"FOR" the plan of arrangement (the "Arrangement") with Coeur
Mining, Inc. ("Coeur") to be approved at the upcoming Special
Meeting of Securityholders (the "Meeting") to be held on
Thursday, February 6, 2025 at
10:00 a.m. (Vancouver Time).
ISS commented "The strategic rationale for the deal makes sense
as shareholders are receiving a premium valuation, the transaction
is anticipated to be accretive, and shareholders retain the ability
to participate in the upside represented by a more scaled,
diversified combined company. Shareholders should also benefit from
the fact that two members of SILV's board will bring their
institutional knowledge to the combined company board."
N. Eric Fier, CEO, commented "We
are pleased to receive a positive recommendation from ISS, which
confirms our strategic rationale for the Arrangement and the
benefits to our Securityholders."
SilverCrest Board Recommendation
The Board of Directors of SilverCrest unanimously recommends
that SilverCrest shareholders and optionholders (the
"Securityholders") vote "FOR" the Arrangement.
Please visit the Transaction Information page on SilverCrest's
website for complete details and links to all relevant documents
ahead of the Meeting at silvercrestmetals.com/transaction/.
Special Meeting Details
The Meeting is to be held on February 6,
2025 at 10:00 a.m.
(Vancouver time) at the offices of
Cassels Brock & Blackwell LLP at
Suite 2200, RBC Place, 885 West Georgia Street, Vancouver, British Columbia. The Meeting can
also be accessed via live webcast at meetnow.global/MHZWLAD.
Securityholders accessing the Meeting virtually will not be able to
participate or vote.
Vote Today
Securityholders are reminded that the deadline to vote is fast
approaching. Securityholders must submit their proxies well before
10:00 a.m. (Vancouver Time) on
Tuesday, February 4, 2025. Voting can
be done by phone, mail, or online.
Questions & Voting Assistance
Securityholders who have questions about the Meeting or require
assistance in voting may contact the Company's proxy solicitation
agent:
Laurel Hill Advisory Group
North American Toll Free | 1-877-452-7184
Outside North America |
1-416-304-0211
By Email | assistance@laurelhill.com
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.
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 possibility that securityholders of SilverCrest may not approve
the Arrangement or stockholders of Coeur may not approve the stock
issuance or the charter amendment; 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 and regulatory approvals of the
Arrangement; the expected listing of consideration 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 SilverCrest's
management information circular in connection with the Meeting 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.
