Aya Gold and Silver Inc. has announced a significant financial move, entering into a bought deal agreement to offer 7,491,000 common shares at $13.35 per share, aiming to raise over $100 million. This strategic offering, led by Desjardins Capital Markets, is intended to fuel the company's exploration programs and bolster its working capital.
Aya Gold and Silver Inc. (TSX: AYA; OTCQX: AYASF) has announced a major financial initiative, entering into a bought deal agreement with a syndicate of underwriters led by Desjardins Capital Markets. The agreement involves the sale of 7,491,000 common shares at an issue price of $13.35 per share, generating gross proceeds of $100,004,850.
The company has also granted the underwriters an over-allotment option, allowing them to purchase an additional 15% of the shares at the issue price. If fully exercised, this option would raise an additional $15,000,728, bringing the total gross proceeds to approximately $115,005,578.
Aya Gold and Silver intends to allocate the net proceeds from this offering to advance its core business objectives. The primary uses include:
The closing of the offering is anticipated around June 19, 2025. This is contingent upon receiving all necessary approvals, including those from the Toronto Stock Exchange and relevant securities regulatory authorities. The offering will be conducted via a prospectus supplement to the company's short form base shelf prospectus, which is expected to be filed by June 12, 2025.
Aya Gold & Silver Inc. is a rapidly expanding, Canada-based silver producer with operations primarily located in the Kingdom of Morocco. As the sole TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is actively exploring properties along the prospective South-Atlas Fault, an area known for its historical mining activity and resources. The company emphasizes sustainability in its operations, governance, and financial growth strategies.
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