SilverCrest Shares Plans for Historical Meeting Approvals

SilverCrest Prepares for Crucial Securityholder Meeting

The Board of Directors at SilverCrest Metals Inc. is urging all Securityholders to cast their votes in favor of the proposed Arrangement Resolution. This resolution is pivotal as it represents a significant step towards advancing the Company's strategic goals. Securityholders are encouraged to participate and ensure their votes are counted before the proxy cutoff.

Voting Information and Proxy Details

To guarantee participation, Securityholders must vote prior to the proxy cutoff time of 10:00 a.m. on February 4, 2025. With the meeting scheduled for February 6, 2025, at the offices of Cassels Brock & Blackwell LLP, this is an opportunity for shareholders to make their voices heard. Unfortunately, those attending via the live webcast will not be able to vote during the meeting.

The Proposed Arrangement with Coeur Mining

During the meeting, the special resolution will seek approval for an arrangement with Coeur Mining, Inc. This proposal outlines that SilverCrest shareholders will receive 1.6022 shares of Coeur common stock for each share they hold. This exchange ratio indicates an impressive implied value of $11.34 per SilverCrest share. Notably, this represents an 18% premium based on the average prices of both companies leading up to the arrangement.

Compelling Benefits for Shareholders

SilverCrest shareholders stand to gain substantially from this partnership. The transaction aims to provide immediate value, substantial equity participation within Coeur's portfolio of high-quality and operating mines, and a significant boost in silver production capabilities. This combination is designed to enhance shareholder value over time through a more diversified resource base.

Strategic Rationale Behind the Merger

The merger holds substantial strategic value, enabling SilverCrest to maintain its strong operations while giving shareholders access to a broader market presence and enhanced capital opportunities. Moreover, the synergy between both companies could yield robust cash flow and decrease overall costs, offering a compelling rationale for shareholders to support the resolution.

Commitment from SilverCrest’s Board

The Board of Directors has conducted extensive evaluations and discussions regarding this proposal, emphasizing that it aligns with the best interests of the Company and its stakeholders. After consulting with financial and legal advisors, they unanimously recommend that Securityholders vote in favor of the arrangement.

Active Engagement with Securityholders

SilverCrest encourages all Securityholders to read the management information circular thoroughly and vote their shares as soon as they can. With the potential for favorable outcomes stemming from this proposal, the engagement of every shareholder is crucial. This merger is positioned as a unique opportunity for both companies to leverage their strengths for mutual benefit.

Voting Assistance and Contact Information

If you have questions about the upcoming meeting or require assistance with the voting process, reach out to the Company's proxy solicitation agent, Laurel Hill Advisory Group, at their North American toll-free number or by email. They will provide necessary guidance to ensure every voice is counted.

About SilverCrest Metals Inc.

SilverCrest is a Canadian company at the forefront of precious metals mining, primarily focused on operations in Sonora, Mexico. Their strategy involves not only sustaining current operations but also expanding their asset base through potential acquisitions and development of new high-value projects. With a proven management team, SilverCrest is poised to navigate the complexities of the mining sector effectively.

Frequently Asked Questions

What is the purpose of the special meeting?

The special meeting aims to secure Securityholder approval for the Arrangement with Coeur Mining, which involves a stock exchange.

How can Securityholders participate in the voting process?

Securityholders can vote in advance of the proxy cutoff time by following detailed instructions provided in the management information circular.

What benefits do Securityholders receive from the Arrangement?

The arrangement offers significant premiums, access to higher silver production and a diversified resource base as part of Coeur Mining.

Why is the Board recommending this Arrangement?

The Board believes this resolution aligns with the best interests of stakeholders, based on thorough evaluations of the proposed merger.

Who should Securityholders contact for more information?

Securityholders should contact Laurel Hill Advisory Group for assistance with voting and any questions related to the meeting.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.