More matter with less art

A bought deal is a bought deal

A segment of this news release from what seems like four weeks back, in fact it was two days ago:

Columbia, March 11, 2020 (GLOBE NEWSWIRE) — SilverCrest Metals Inc.
(“SilverCrest” or the “Company”) is pleased to announce that it has
entered into an agreement with a syndicate of underwriters (the
“Underwriters”) led by National Bank Financial Inc., Eight Capital Corp.
and Scotia Capital Inc., pursuant to which the Underwriters have agreed
to purchase, on a bought-deal basis, 9,100,000 common shares of the
Company (“Shares”) at a price of C$8.25 per Share for aggregate gross
proceeds to the Company of C$75,075,000 (the “Offering”).

SIL closed C$6.17 last night. In war there are casualties and of course, NBF, VIII and Scotia won’t be looking to re-negotiate with SILV. Bot deal, after all…

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