Aya Gold & Silver Announces $100 Million Bought Deal Offering to Fuel Exploration and Growth

WTS Capital
June 12, 2025

Aya Gold & 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 & Silver Secures $100 Million Investment for Growth

Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) has finalized an agreement for a bought deal offering of common shares, projecting gross proceeds of $100,004,850. The offering involves the sale of 7,491,000 common shares at an issue price of $13.35 per share. Desjardins Capital Markets is serving as the sole bookrunner, supported by a syndicate of underwriters including National Bank Financial Inc. and BMO Capital Markets.

Key Details of the Offering

  • Shares Offered: 7,491,000 common shares
  • Issue Price: $13.35 per share
  • Gross Proceeds: $100,004,850
  • Lead Underwriters: Desjardins Capital Markets (sole bookrunner), National Bank Financial Inc., BMO Capital Markets
  • Over-Allotment Option: Underwriters have a 30-day option to purchase an additional 15% of the shares, which could raise an extra $15,000,728, bringing the total potential proceeds to approximately $115,005,578.

Strategic Use of Proceeds

The net proceeds from this offering are earmarked for critical business objectives, primarily focusing on advancing Aya Gold & Silver's exploration initiatives and strengthening its financial liquidity. The planned uses include:

  • Advancement of the exploration program at Boumadine.
  • Furthering the exploration program at Zgounder Regional.
  • General working capital and corporate purposes.

Timeline and Regulatory Approvals

The closing of the offering is anticipated to occur on or about June 19, 2025. This is contingent upon fulfilling various conditions, including securing all necessary approvals from regulatory bodies such as the Toronto Stock Exchange and applicable 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.

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a rapidly expanding, Canada-based silver producer with significant operations 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. The company's management is committed to maximizing shareholder value through sustainable operations, robust governance, and strategic financial growth.

Sources

Disclaimer

Share

Related Articles

Royal Gold Fortifies Gold-Focused Portfolio with Major Acquisitions of Sandstorm Gold and Horizon Copper

Royal Gold, Inc. announces the acquisition of Sandstorm Gold Ltd. and Horizon Copper Corp., reinforcing its position as a leading North American gold-focused streaming and royalty company.

Jul 14, 2025

DoD and MP Materials Forge Landmark Partnership to Secure US Rare Earth Magnet Supply

The U.S. Department of Defense partners with MP Materials in a multi-billion dollar initiative to accelerate domestic rare earth magnet production, reducing foreign dependency and bolstering national security.

Jul 13, 2025

Banyan Gold Bolsters Advisory Board with Mining Veteran T. Sean Harvey

Banyan Gold Corp. appoints T. Sean Harvey to its Advisory Board, leveraging his extensive experience in mining finance and leadership to enhance strategic guidance and shareholder value.

Jul 12, 2025

Welcome To Walk The Street

We're just a bunch of guys mixing up market news with our own brand of banter, giving you the lowdown on stocks with a twist at Walk The Street Capital.