Faruqi & Faruqi, LLP Announces the Investigation of SilverCrest Mines Inc. (SVLC) Over the Proposed Sale of the Company to First Majestic Silver Corp.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SilverCrest Mines Inc. (“SilverCrest” or the “Company”) (NYSE MKT:SVLC) for potential breaches of fiduciary duties in connection with the sale of the Company to First Majestic Silver Corp. for approximately $117.25 million in a cash and stock transaction .
The Company’s stockholders will only receive 0.2769 common shares of First Majestic plus C$0.0001 in cash for each Company common share held, approximately $0.92. However, the offer represents a negative premium compared to the opening price of $0.93 on August 11, 2015 and is well below low analyst price targets of $1.44.
If you own common stock in SilverCrest and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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