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Canada’s National Bank Financial is looking to weasel out of its obligations under a C$75 million bought deal financing it agreed with SilverCrest Metals on March 11 as part of a syndicate of underwriters also including Eight Capital and Scotia Capital.
National Bank Financial welches on SilverCrest bought deal
National Bank advised SilverCrest the reason for the purported termination was based on the "disaster out" clause of the financing agreement due to the subsequent sharp decline in the exploration
Broader trend is for less broker action
SilverCrest to raise millions more
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