VANCOUVER, Dec. 6, 2016
/CNW/ - Donald Smith Value Fund, L.P. (the "Fund") reports that it
has acquired beneficial ownership of 900,000 common shares and
450,000 common share purchase warrants of SilverCrest Metals
Inc. ("SilverCrest") through a prospectus offering on
December 6, 2016 of 4,550,000 units of SilverCrest at
Cdn.$2.20 per unit, each unit
consisting of one common share and one‑half of a warrant of
SilverCrest for total consideration paid of Cdn.$1,980,000.
The Fund currently has deemed beneficial ownership of
5,850,000 common shares (including 1,950,000 common
shares issuable upon exercise of warrants), representing 11.93% of
the deemed outstanding common shares.
The Fund has acquired the common shares and warrants through the
prospectus offering for investment purposes. The Fund may
acquire additional common shares and warrants or dispose of common
shares and warrants (through market or private transactions or
exercises of the warrants) from time to time.
A copy of the related early warning report may be obtained from
the SEDAR website (www.sedar.com) or from Ann Hogan at Donald
Smith Value Fund, L.P. at (212) 284‑0990.
Donald Smith Value Fund, L.P.
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"Donald
Smith"
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Per:
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__________________________
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Donald Smith,
Managing Member
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SOURCE SilverCrest Metals Inc.