Business
Aya Gold & Silver Closes Upsized Bought Deal Offering with Full Exercise of Over-Allotment Option for Gross Proceeds of $92 Million
Aya Gold & Silver Closes Upsized Bought Deal Offering with Full Exercise of Over-Allotment Op...
About this update from Aya Gold & Silver Inc.
[{"type":"text","content":"\n \n \n \n Aya Gold & Silver Closes Upsized Bought Deal Offering with Full Exercise of Over-Allotment Option for Gross Proceeds of $92 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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n Aya Gold & Silver Closes Upsized Bought Deal Offering with Full Exercise of Over-Allotment Option for Gross Proceeds of $92 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 Jan. 25, 2023\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 upsized offering of 11,151,550 common shares in the capital of the Corporation (the \"Shares\"), at a price of\n \n $8.25\n \n per Share for gross proceeds of approximately\n \n $92,000,000\n \n (the \"Offering\") including the full exercise of the over-allotment option in the amount of approximately\n \n $12,000,000\n \n .\n \n \n \n \n \n \n \n \n \n Eight Capital and Desjardins Capital Markets acted as joint bookrunners and co-lead underwriters, with a syndicate of underwriters comprised of BMO Nesbitt Burns Inc., National Bank Financial Inc,\n \n Raymond James\n \n , Cormark Securities Inc., Sprott Capital Partners L.P. and Stifel Nicolaus Canada Inc. (collectively, the \"Underwriters\").\n \n \n Aya intends to use the net proceeds of the Offering to advance its business objectives including for the funding of the Zgounder expansion project, the advancement of its exploration program namely at Boumadine and Zgounder,  and for working capital and general corporate purposes.\n \n \n The Offering was completed by way of a prospectus supplement (the \" Supplement \") to the short form base shelf prospectus of the Corporation dated\n \n January 12, 2023\n \n (the \"Base Prospectus\"), which Supplement was filed on\n \n January 19...