Business
Americas Gold and Silver Announces C$25.0 Million Bought Deal Financing
TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (the “Company”), a growing North American preci
About this update from Americas Gold And Silver Corporation
[{"type":"text","content":" TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (the “Company”), a growing North American precious metals producer, is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by Desjardins Capital Markets pursuant to which the Underwriters have agreed to purchase, on a bought‐deal basis, 7,552,900 common shares of the Company (“Shares”) at a price of C$3.31 per Share (the “Offering Price”) for aggregate gross proceeds to the Company of C$25.0 million (the “Offering”). The Underwriters have been granted an option (the “Over‐Allotment Option”), exercisable in whole or in part, at any time within 30 days following and including the closing of the Offering, to purchase from the Company up to an additional 15% of the Shares offered under the Offering at the Offering Price for market stabilization purposes and to cover over‐allotments, if any. The proceeds from the sale of the Shares will be used for the exploration, development and/or improvement of the Company’s existing mine properties and for working capital and general corporate purposes. The Offering is scheduled to close on or about January 29, 2021 and is subject to a number of conditions, including receipt of all necessary securities regulatory approvals and the approval of the Toronto Stock Exchange and the NYSE American LLC. The Offering is being made pursuant to a short form prospectus to be filed in all the provinces of Canada excluding Quebec. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or under any U.S. state securities laws, and may not be offered, sold, directly or indirectly, or delivered within the “United States” or to, or for the account or benefit of, persons in the “United States” or “U.S. persons” (as such terms are defined in Regulation S under the U.S. Securities Act) except in certain transactions exempt from the registration requirements of the U.S. Securities Act and all applicable...