Mining Stock Trading Alert: SilverCrest Mines (TSX.V: SVL) (NYSE MKT: SVLC) Moves Following News of Closing $34.5 Million Offering
Category: Investment, Gold, Mining
Visit this company: SilverCrest Mines Inc.
New York, New York, Point Roberts WA - November 2, 2012 (Investorideas.com Mining Stocks Newswire) Investorideas.com staff : Investorideas.com, an investor research portal specializing in sector research for independent investors, issues a trading alert for SilverCrest Mines Inc. ( TSX.V:SVL) ( NYSE MKT : SVLC) for the close of trading November 1st. In Thursday’s trading session in Canadian markets, the stock had a range of $2.59 - 2.8, closing at $2.80 on over 1.1 Million shares. In U.S markets the stock closed at $2.85, up 0.23 or 8.78% on just over 161,000 shares.
The Company reported earlier this week the completion of its prospectus offering in Canada, as announced on October 5, 2012. Gross proceeds of CAD$30 million, together with exercise of the over-allotment option in full for an additional $4.5 million, resulted in total gross proceeds of $34.5 million.
About SilverCrest Mines Inc
SilverCrest Mines Inc. (TSX VENTURE: SVL) (NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State. http://www.silvercrestmines.com
InvestorIdeas.com is a leader in investor stock research by sector, featuring stock news, commentary and trading alerts in leading sectors including biotech, tech, mining, energy, water, renewable energy, beverage stocks and more.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Follow Investorideas.com News on Linkedin.com/today at http://www.linkedin.com/today/investorideas.com
Sign up for the free investor news and stock alerts including TSX and mining stocks http://www.investorideas.com/Resources/Newsletter.asp
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Investorideas.com 800 665 0411