Business
Aya Gold & Silver Announces Filing of Prospectus Supplement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Aya Gold & Silver Inc.
[{"type":"text","content":"Aya Gold & Silver Announces Filing of Prospectus Supplement\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.\n \n\n\n The base shelf prospectus and the prospectus supplement are accessible on SEDAR+. Any amendment to the foregoing documents will be accessible within one business day on SEDAR+.\n \n\n\n MONTREAL, June 12, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“\n \n Aya\n \n ” or the “\n \n Company\n \n ”) is pleased to announce that it has filed a prospectus supplement (the “\n \n Supplement\n \n ”) to its short form base shelf prospectus dated June 10, 2025 (the “\n \n Base Prospectus\n \n ”) with respect to its previously announced bought deal equity financing to purchase, on a bought deal basis, 9,363,300 common shares in the capital of the Company (the “\n \n Shares\n \n ”), at a price of $13.35 per Share (the “\n \n Issue Price\n \n ”) for gross proceeds of $125,000,055 (the “\n \n Offering\n \n ”).\n \n\n The Supplement has been filed with the securities regulatory authorities in each of the provinces of Canada.\n \n\n The Offering is led by Desjardins Capital Markets (“\n \n Desjardins\n \n ”), as sole bookrunner, together with a syndicate of underwriters including National Bank Financial Inc. and BMO Capital Markets, together with Desjardins as co-lead underwriters (collectively, the “\n \n Underwriters\n \n ”).\n \n\n The Company has granted the Underwriters an over-allotment option to purchase up to an additional 15% of the Shares at the Issue Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering (the “\n \n Over-Allotment Option\n \n ”). If the Over-Allotment Option is exercised in full, $18,750,008 additional proceeds will be raised pursuant to the Offering and the aggregate proceeds of the Offering will be approximately $143,750,063.\n \n\n The Company intends to use the net proceeds of the Offering to advance its business objectives including for the advancement of its exploration program at Boumadine, the exploration program at Zgounder Regional, and for working capital and general corporate purposes.\n \n...