NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) — Americas Gold and Silver Company (TSX: USA) (NYSE American: USAS) (the “Firm”), a rising North American valuable metals producer, is happy to announce that it has entered into an settlement with a syndicate of underwriters (the “Underwriters”) led by Desjardins Capital Markets pursuant to which the Underwriters have agreed to buy, on a purchased‐deal foundation, 7,552,900 frequent shares of the Firm (“Shares”) at a worth of C$3.31 per Share (the “Providing Worth”) for mixture gross proceeds to the Firm of C$25.0 million (the “Providing”).
The Underwriters have been granted an choice (the “Over‐Allotment Possibility”), exercisable in complete or partly, at any time inside 30 days following and together with the closing of the Providing, to buy from the Firm as much as a further 15% of the Shares provided underneath the Providing on the Providing Worth for market stabilization functions and to cowl over‐allotments, if any.
The proceeds from the sale of the Shares will probably be used for the exploration, improvement and/or enchancment of the Firm’s present mine properties and for working capital and basic company functions.
The Providing is scheduled to shut on or about January 29, 2021 and is topic to quite a lot of circumstances, together with receipt of all vital securities regulatory approvals and the approval of the Toronto Inventory Change and the NYSE American LLC.
The Providing is being made pursuant to a brief kind prospectus to be filed in all of the provinces of Canada excluding Quebec.
This information launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase the securities, nor shall there be any sale of the securities, in any jurisdiction through which such provide, solicitation or sale could be illegal. The securities to be provided haven’t been and won’t be registered underneath the USA Securities Act of 1933, as amended (the “U.S. Securities Act”), or underneath any U.S. state securities legal guidelines, and is probably not provided, bought, immediately or not directly, or delivered inside the “United States” or to, or for the account or advantage of, individuals within the “United States” or “U.S. individuals” (as such phrases are outlined in Regulation S underneath the U.S. Securities Act) besides in sure transactions exempt from the registration necessities of the U.S. Securities Act and all relevant U.S. state securities legal guidelines. This launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase such securities in the USA, Canada or in another jurisdiction the place such provide, solicitation or sale is illegal.
This press launch incorporates sure statements that represent forward-looking data inside the that means of relevant securities legal guidelines (“forward-looking statements”), which displays administration’s expectations concerning the Firm’s future development and enterprise prospects and alternatives. Ahead-looking statements embody, with out limitation, all disclosure concerning the Providing, together with the closing of the Providing and receipt of all vital regulatory and inventory trade approvals, the anticipated use of proceeds of the Providing, and attainable occasions, circumstances or outcomes of operations, future financial circumstances expectations and anticipated programs of motion. Though the forward-looking statements contained on this press launch replicate administration’s present beliefs based mostly upon data at present out there to administration and based mostly upon what administration believes to be cheap assumptions, such forward-looking statements are based mostly upon assumptions, opinions and evaluation that administration believes to be cheap and related however that will show to be incorrect. The Firm cautions you to not place undue reliance upon any such forward-looking statements.
The dangers and uncertainties that will have an effect on forward-looking statements embody, amongst others: the inherent dangers concerned in exploration and improvement of mineral properties, together with authorities approvals and allowing, adjustments in financial circumstances, state of the monetary markets, adjustments within the worldwide worth of gold and different key inputs, adjustments in mine plans and different elements, the influence of the novel coronavirus (COVID-19), similar to venture execution delays and potential influence on key personnel and their availability, lots of that are past the management of the Firm, in addition to different dangers and uncertainties that are extra totally described within the Firm’s Annual Data Type dated March 9, 2020 and in different filings of the Firm with securities and regulatory authorities which can be found on SEDAR at www.sedar.com. The Firm doesn’t undertake any obligation to replace forward-looking statements ought to assumptions associated to those plans, estimates, projections, beliefs and opinions change. Nothing on this doc ought to be construed as both a suggestion to promote or a solicitation to purchase or promote the Firm securities. All references to the Firm embody its subsidiaries except the context requires in any other case.
About Americas Gold and Silver Company
Americas Gold and Silver Company is a high-growth valuable metals mining firm with a number of belongings in North America. The Firm’s latest asset, the Reduction Canyon mine in Nevada, USA, has poured first gold and achieved industrial manufacturing, and is predicted to ramp as much as full manufacturing by mid-2021. The Firm additionally owns and operates the Cosalá Operations in Sinaloa, Mexico, manages the 60%-owned Galena Advanced in Idaho, USA and owns the San Felipe improvement venture in Sonora, Mexico. For additional data, please see SEDAR or www.americas-gold.com
VP, Company Growth & Communications
Americas Gold and Silver Company
President and CEO
Americas Gold and Silver Company