Business
Hycroft Announces Proposed Underwritten Public Offering of Units of Common Stock and Warrants
DENVER, Sept. 29, 2020 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or the "Company"), today announced that it intends to
About this update from Hycroft Mining Holding Corporation
[{"type":"text","content":"DENVER, Sept. 29, 2020 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) (\"Hycroft\" or the \"Company\"), today announced that it intends to offer 7,220,000 units, with each unit consisting of one share of its common stock and one warrant to purchase one share of common stock in an underwritten public offering (the \"Offering\"). BMO Capital Markets Corp., Stifel, Nicolaus & Company, Incorporated and Canaccord Genuity LLC are acting as Joint Bookrunners for the Offering (the \"Bookrunners\") with Cormark Securities acting as Co-Manager.\n\n \n \n \n \n \n \n\n \nThe Company intends to use the net proceeds from this Offering to fund working capital expenditures as it continues to ramp up operations at the Hycroft Mine, including construction of a new leach pad and associated infrastructure, and for general corporate purposes.\nA registration statement relating to these securities has been filed with the Securities and Exchange Commission (\"SEC\") but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. \nThe preliminary prospectus relating to the Offering has been filed with the SEC and may be found on the SEC's website at www.sec.gov. Copies can be obtained by contacting BMO Capital Markets Corp., Attn: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, NY 10036, tel: (800) 414-3627, email: [email protected].\nThis news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer of the securities will be made only by means of a prospectus, forming part of the effective registration statement, the applicable preliminary prospectus supplement and other related documents.\nAbout Hycroft Mining Holding Corporation\nHycroft is a US-based, gold and silver producer operating the Hycroft mine located in the world-class mining region of Northern Nevada. The Hycroft mine features one of the largest gold/silver deposits in the world with a low-capital, low-cost process, and a 34-year mine life. \nCautionary Note Regarding Forwar...