Americas Gold and Silver upsizes private placement

Americas Gold and Silver is a precious metals mining company….


americas gold

Precious metals mining company Americas Gold and Silver has announced an amendment to its agreement with Eight Capital, resulting in an upsized private placement offering.

The company will now issue up to 25 million units at C$0.30 each, to garner up to C$7.5m ($5.5m).

The move aims to raise additional funds for the company’s operational needs.

The two companies also reached an agreement, under which Eight Capital will have the option to sell a further one million units, potentially raising up to C$300,000.

Each unit issued will comprise one common share of Americas Gold and Silver and one common share purchase warrant.

Each warrant will grant the holder the right to purchase one common share of Americas Gold and Silver at an exercise price of C$0.40 per warrant share, valid for 36 months after the offering’s closure.

Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

company profile unit

Company Profile – free
sample

Your download email will arrive shortly

We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form

By GlobalData







Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The net proceeds from this offering are designated for working capital needs at the company’s Cosalá Operations and Galena Complex.

These funds will facilitate the transition to increased silver-copper ore production at Americas Gold and Silver’s operations in the US and Mexico, in addition to covering general and administrative requirements.

The offering is expected to close around 27 March 2024, subject to the fulfilment of certain conditions.

Americas Gold and Silver holds multiple assets in North America. It owns and operates the Cosalá Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho and is also re-evaluating the Relief Canyon mine in Nevada, US.

It also owns the San Felipe development project in Sonora, Mexico.




Source link

Leave a Reply

Your email address will not be published. Required fields are marked *