SilverCrest Metals Inc. (TSXV:SIL) announced a private placement of 451,800 units at CAD 1.66 per unit for gross proceeds of CAD 749,988 to individual investor Ritchie on January 3, 2018. Each unit consists of one common share and one half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD1.66 per share for a period of 24 months from the date of closing. No finder's fees is payable in the transaction. The securities issued are subject to a hold period of four months and one day from the date of issuance. The transaction is subject to TSX Venture Exchange approval.