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 widespread shares of the Firm (“Shares”) at a worth of C$3.31 per Share (the “Providing Value”) for combination gross proceeds to the Firm of C$25.0 million (the “Providing”).
The Underwriters have been granted an possibility (the “Over‐Allotment Choice”), exercisable in complete or partially, 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 supplied beneath the Providing on the Providing Value for market stabilization functions and to cowl over‐allotments, if any.
The proceeds from the sale of the Shares can be used for the exploration, improvement and/or enchancment of the Firm’s current mine properties and for working capital and normal company functions.
The Providing is scheduled to shut on or about January 29, 2021 and is topic to quite a few situations, together with receipt of all mandatory securities regulatory approvals and the approval of the Toronto Inventory Alternate and the NYSE American LLC.
The Providing is being made pursuant to a brief type prospectus to be filed in all of the provinces of Canada excluding Quebec.
This information launch shall not represent a proposal to promote or the solicitation of a proposal to purchase the securities, nor shall there be any sale of the securities, in any jurisdiction through which such supply, solicitation or sale could be illegal. The securities to be supplied haven’t been and won’t be registered beneath america Securities Act of 1933, as amended (the “U.S. Securities Act”), or beneath any U.S. state securities legal guidelines, and might not be supplied, offered, straight or not directly, or delivered throughout the “United States” or to, or for the account or good thing about, individuals within the “United States” or “U.S. individuals” (as such phrases are outlined in Regulation S beneath 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 proposal to promote or a solicitation of a proposal to purchase such securities in america, Canada or in some other jurisdiction the place such supply, solicitation or sale is illegal.
This press launch comprises sure statements that represent forward-looking info throughout 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 mandatory regulatory and inventory alternate approvals, the anticipated use of proceeds of the Providing, and attainable occasions, situations or outcomes of operations, future financial situations expectations and anticipated programs of motion. Though the forward-looking statements contained on this press launch mirror administration’s present beliefs primarily based upon info presently accessible to administration and primarily based upon what administration believes to be cheap assumptions, such forward-looking statements are primarily based upon assumptions, opinions and evaluation that administration believes to be cheap and related however which will show to be incorrect. The Firm cautions you to not place undue reliance upon any such forward-looking statements.
The dangers and uncertainties which 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, modifications in financial situations, state of the monetary markets, modifications within the worldwide worth of gold and different key inputs, modifications in mine plans and different elements, the affect of the novel coronavirus (COVID-19), comparable to venture execution delays and potential affect on key personnel and their availability, a lot 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 needs to be construed as both a proposal to promote or a solicitation to purchase or promote the Firm securities. All references to the Firm embody its subsidiaries until 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 property 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 anticipated 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 Complicated in Idaho, USA and owns the San Felipe improvement venture in Sonora, Mexico. For additional info, please see SEDAR or www.americas-gold.com
VP, Company Improvement & Communications
Americas Gold and Silver Company
President and CEO
Americas Gold and Silver Company