SilverCrest Metals’ acquisition by Coeur receives Mexican anti-trust approval

SilverCrest Metals (SILV) has received the clearance decision from the Comision Federal de Competencia Economica, or COFECE, with respect to the company’s plan of arrangement with Coeur Mining (CDE), whereby Coeur will indirectly, among other things, acquire all of the issued and outstanding SilverCrest shares. Pursuant to the Arrangement, SilverCrest shareholders will receive 1.6022 shares of Coeur common stock for each SilverCrest share held. Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions, including the approval of SilverCrest’s securityholders at the special meeting to be held on February 6 and the approval of the court, the Arrangement is expected to close on or about February 14. Following closing of the Arrangement, SilverCrest shares are expected to be de-listed from the Toronto Stock Exchange and the NYSE American.