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Guanajuato Silver Files Preliminary Base Shelf Prospectus
Filing Provides Financing Flexibility to Pursue Continued Growth in the Mexican Precious Metals A...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"Guanajuato Silver Files Preliminary Base Shelf Prospectus Filing Provides Financing Flexibility to Pursue Continued Growth in the Mexican Precious Metals ArenaTHIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. VANCOUVER, BC / ACCESSWIRE / July 25, 2024 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR) announces the filing of a preliminary short form base shelf prospectus (the \"Preliminary Shelf Prospectus\") with the securities regulatory authorities in each of the provinces and territories of Canada.Chairman and CEO, James Anderson said, \"As we continue to grow precious metals production, the Company has filed its preliminary base shelf prospectus in order to permit the widest possible financial flexibility for the ensuing 25-month period.\"Upon the issuance of a receipt for the final short form base shelf prospectus (the \"Final Shelf Prospectus\" and, together with the Preliminary Shelf Prospectus, the \"Prospectus\"), the Company will be permitted by the securities regulatory authorities to offer up to US$65 million of common shares, debt securities, warrants, subscription receipts, share purchase contracts and units, or any combination thereof (collectively, the \"Securities\") during the 25-month period that the Prospectus is effective. The specific terms of any offering of Securities, including the use of proceeds from any offering, will be set forth in a shelf prospectus supplement, which will be filed with the applicable Canadian securities regulatory authorities at that time.In Canada, the use of a base shelf prospectus is customary practice as it allows companies to undergo applicable Canadian regulatory review process before commencing any offer of securities. Importantly, securities issued under a shelf prospectus supplement filed under a base shelf prospectus are not subject to a four-month hold period in Canada.Securities may be offered under the Prospectus separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and as set forth in an applicable prospectus supplement. No Securities may be sold, nor may offers to buy be accepted, prior to the time a receipt for the Final Shelf Prospectus has been ...