Silver Crown Secures Attractive Silver Royalty in Scotia Mine

Silver Crown Royalties Inc. (Cboe: SCRI; OTCQX: SLCRF; FRA: QS0) has finalized the deal: The company acquires a 90% silver stream on the silver that will be produced quarterly from the formerly producing Scotia Mine. The agreement with EDM Resources Inc. (TSX-V: EDM; FSE: P3Z) guarantees Silver Crown for a period of ten years at least the equivalent of 7,000 ounces of silver per year – commencing with the official production start.

For the transaction, Silver Crown initially paid CAD 250,000 in cash and transferred 60,000 so-called “Units” to EDM. Each Unit consists of one common share and one warrant, which allows the acquisition of an additional share at CAD 13.00 within three years. The value per Unit is set at CAD 10.00. A further cash payment of CAD 250,000 is agreed upon as a later installment.

With this silver stream, Silver Crown strengthens its portfolio with a long-term revenue stream – and is banking on the potential of the long-standing Scotia Mine, which is likely to return to the spotlight of the Canadian mining world with the commencement of production.

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