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Silver Crown Royalties Closes Second Tranche of Private Placement

Story Highlights
  • Silver Crown Royalties Inc. specializes in silver royalties, offering investors a hedge against currency devaluation.
  • The company raised C$489,515 to fund its silver royalty acquisition in Peru and administrative expenses.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Silver Crown Royalties Closes Second Tranche of Private Placement

Confident Investing Starts Here:

The latest announcement is out from Star Royalties ( (TSE:STRR) ).

Silver Crown Royalties Inc. has successfully closed the second tranche of its non-brokered private placement, issuing 75,310 units at C$6.50 each, raising approximately C$489,515. The proceeds will fund the company’s silver royalty acquisition on the Igor 4 project in Peru and cover general administrative expenses, enhancing its operational capabilities and market positioning.

More about Star Royalties

Silver Crown Royalties Inc. is a publicly traded company specializing in silver royalties. It offers investors exposure to precious metals, providing a hedge against currency devaluation while minimizing production cost inflation. The company currently holds four silver royalties, with three generating revenue.

YTD Price Performance: -7.14%

Average Trading Volume: 34,305

Technical Sentiment Signal: Buy

Current Market Cap: C$18.86M

See more data about STRR stock on TipRanks’ Stock Analysis page.

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