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Aya Gold & Silver Closes Bought Deal Offering with Full Exercise of Over-Allotment Option for Gross Proceeds of $77.6 Million
Aya Gold & Silver Closes Bought Deal Offering with Full Exercise of Over-Allotment Option for...
About this update from Aya Gold & Silver Inc.
[{"type":"text","content":"\n \n \n \n Aya Gold & Silver Closes Bought Deal Offering with Full Exercise of Over-Allotment Option for Gross Proceeds of $77.6 Million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n Aya Gold & Silver Closes Bought Deal Offering with Full Exercise of Over-Allotment Option for Gross Proceeds of $77.6 Million\n \n \n Canada NewsWire\n \n \n \n \n /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n MONTREAL\n \n \n ,\n \n \n Feb. 14, 2024\n \n \n /CNW/ -\n \n \n Aya Gold\n \n & Silver Inc.\n \n (TSX: AYA) (OTCQX: AYASF) (\"Aya\" or the \"Corporation\") is pleased to announce it has closed its previously announced offering of 7,573,900 common shares in the capital of the Corporation (the \"Shares\"), at a price of\n \n $10.25\n \n per Share for gross proceeds of approximately\n \n $77,600,000\n \n (the \"Offering\"). In connection with the Offering, the Underwriters (defined below) exercised their over-allotment option in full where an additional 987,900 Shares were purchased for aggregate gross proceeds of approximately\n \n $10,125,000\n \n .\n \n \n \n \n \n \n \n \n \n Eight Capital acted as sole Bookrunner, along with National Bank Financial Inc. as co-lead underwriters, with a syndicate of underwriters comprised of Desjardins Securities Inc., Raymond James Ltd., SCP Resource Finance LP, Canaccord Genuity Corp. & Cormark Securities Inc. (collectively, the \"Underwriters\").\n \n \n Aya intends to use the net proceeds of the Offering for the advancement of its exploration and development programs at Boumadine, the exploration program at Zgounder Regional, as well as for working capital and general corporate purposes.\n \n \n \"We received tremendous interest in our oversubscribed equity bought deal financing from leading institutional investors globally,\" said\n \n Benoit La Salle\n \n , President & CEO. \"This financing underscores our confidence in our project pipeline wi...