Business
Americas Gold and Silver Announces Election of Directors and Annual Meeting Voting Results; Issuance of C$8.0 Million Secured Convertible Debenture
TORONTO / Jun 21, 2023 / Business Wire / Americas Gold and Silver Corporation (“the “Company”) (TSX:USA; NYSE American: USAS) is pleased to announce that the no
About this update from Americas Gold And Silver Corporation
[{"type":"text","content":"TORONTO / Jun 21, 2023 / Business Wire / Americas Gold and Silver Corporation (“the “Company”) (TSX:USA; NYSE American: USAS) is pleased to announce that the nominees listed in the management proxy circular dated May 11, 2023 for the Company’s annual and special meeting of Shareholders held June 20, 2023 (the “Meeting”) were elected as directors of the Company at the Meeting. Detailed results of the vote for the election of directors held at the Meeting yesterday in Toronto as well as the results for other matters voted on at the Meeting are set out below. Nominee Votes For % For Votes Against % Against Darren Blasutti 83,459,219 95.40% 4,019,684 4.60% Christine Carson 85,427,912 97.66% 2,050,991 2.34% Alex Davidson 85,343,164 97.56% 2,135,739 2.44% Alan Edwards 85,469,357 97.70% 2,009,547 2.30% Bradley Kipp 85,475,355 97.71% 2,003,549 2.29% Gordon Pridham 85,468,708 97.70% 2,010,196 2.30% Manuel Rivera 85,467,934 97.70% 2,010,970 2.30% Lorie Waisberg 71,501,919 81.74% 15,976,985 18.26% In addition, the Company’s shareholders passed a resolution to appoint PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and authorizing the Directors to fix their remuneration. The results of these matters considered at the Meeting are reported in the Report of Voting Results as filed on SEDAR (www.sedar.com) on June 21, 2023. A total of 106,472,153 the Company’s common shares were voted, representing 50.36% of total shares issued and outstanding as at the record date for the Meeting. Additional Convertible Financing The Company has issued an additional C$8.0 million senior secured convertible debenture to certain subsidiaries of Delbrook Capital Advisors Inc. (“Delbrook Capital”). Delbrook Capital are one of the largest holders of common stock of the Company. The Delbrook Debenture financing (the “Delbrook Debenture”) will be issued in two tranches: (i) C$3.0M funded as of the date hereof; and (ii) C$5.0M to be funded in the coming days subject to conditions precedent regarding registering Mexican security and confirmatory due diligence. The Delbrook Debenture bears interest at a rate of 11% per annum and has a maturity date of July 1, 2024, that can be extended by mutual consent to April 28, 2025. The principal amount outstanding under the Delbrook Debenture is convertible in certain instances at the holder’s option (s...