September 4, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of SilverCrest Mines Inc (NYSEMKT:SVLC), was announced concerning whether the takeover of SilverCrest Mines Inc by First Majestic Silver Corp for a value of approximately $0.92 per share is unfair to NYSEMKT:SVLC stockholders.

The investigation by a law firm concerns whether certain officers and directors of SilverCrest Mines Inc breached their fiduciary duties owed to NYSEMKT:SVLC investors in connection with the proposed acquisition.

On July 27, 2015, First Majestic Silver Corp. and SilverCrest Mines Inc (NYSEMKT:SVLC) announced that the companies have entered into an agreement pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of SilverCrest Mines Inc (NYSEMKT:SVLC) for consideration of 0.2769 of a common share of First Majestic (the Exchange Ratio) plus C$0.0001 in cash per SilverCrest Mines Inc (NYSEMKT:SVLC) common share. The offer implies a value of C$1.30 or approximately $0.92 per SilverCrest share based on the closing price of First Majestics common shares on the Toronto Stock Exchange (TSX) on July 24, 2015.

However, given that at least one analyst has set the high target price for NYSEMKT:SLVC shares at $1.98 per share, the investigation concerns whether the offer is unfair to NYSEMKT:SVLC stockholders. More specifically, the investigation concerns whether the SilverCrest Mines Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.