TSX: SVL NYSE MKT:SVLC
VANCOUVER, Sept. 30, 2015 /PRNewswire/ - SilverCrest Mines
Inc. ("SilverCrest" or the "Company") is pleased to announce that
the Supreme Court of British
Columbia issued today a final order approving the
arrangement (the "Arrangement") involving SilverCrest, SilverCrest
Metals Inc. and First Majestic Silver Corp. that was previously
approved by the shareholders.
The Arrangement is expected to become effective on
October 1, 2015, subject to the satisfaction of other
customary conditions.
SilverCrest Mines Inc. (NYSE MKT: SVLC; TSX: SVL)
SilverCrest is a Canadian precious metals producer headquartered in
Vancouver, BC. SilverCrest's
flagship property is the 100%owned Santa
Elena Mine, located in the State
of Sonora, Mexico.
ON BEHALF OF THE BOARD OF SILVERCREST MINES INC.
"J. Scott Drever"
J. Scott Drever, CEO
SPECIAL NOTE REGARDING FORWARD LOOKING
STATEMENTS
This news release includes certain "ForwardLooking
Statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and "forwardlooking
information" under applicable Canadian securities laws. These
forwardlooking statements or information relate to, among other
things: the anticipated timing of closing of the
Arrangement.
These statements reflect the Company's current views with
respect to future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by the
Company, are inherently subject to significant business, economic,
competitive, political and social uncertainties and contingencies.
Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the
results, performance or achievements that are or may be expressed
or implied by such forwardlooking statements or information and the
Company has made assumptions and estimates based on or related to
many of these factors. Such factors include, without limitation:
satisfaction or waiver of all applicable conditions to closing of
the Arrangement including, without limitation, receipt of all
necessary stock exchange, creditor and regulatory approvals or
consents and lack of material changes with respect to First
Majestic and SilverCrest and their respective businesses, all as
more particularly set forth in the Arrangement Agreement between
the companies available at www.sedar.com and
www.sec.gov/edgar.
Readers are cautioned against attributing undue certainty to
forwardlooking statements or information. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause
results not to be anticipated, estimated or intended. The Company
does not intend, and does not assume any obligation, to update
these forwardlooking statements or information to reflect changes
in assumptions or changes in circumstances or any other events
affecting such statements or information, other than as required by
applicable law.
SOURCE SilverCrest Mines Inc.