SilverCrest Completes $138 Million Equity Offering

Paul, Weiss represented the underwriters in Vancouver-based SilverCrest Metals Inc.’s registered offering of 15,007,500 common shares in the United States and Canada, generating gross proceeds of $120 million. The underwriters in the offering, which closed on February 22, were led by Scotia Capital Inc., Raymond James Ltd. and RBC Dominion Securities Inc. SilverCrest is a precious metals exploration company focused on new discoveries and value-added acquisitions and targeting production in Mexico's historic precious metal districts.

The Paul, Weiss team included corporate partners Christopher Cummings and Adam Givertz and counsel Christian Kurtz; tax partner David Mayo; and environmental counsel Bill O'Brien.