Aya Gold & Silver Unveils $100 Million Share Offering Strategy
Aya Gold & Silver Announces a Major Capital Initiative
Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF), a rapidly growing silver producer based in Canada, has exciting news regarding its financing strategy. The company recently announced a bought deal offering of $100 million, a significant move that reflects its commitment to enhancing operational capabilities and expanding exploration efforts.
Details of the Offering
On June 10, 2025, Aya entered into an agreement with Desjardins Capital Markets, which will act as the sole bookrunner for this initiative. Other notable participants in this syndicate include National Bank Financial Inc. and BMO Capital Markets. Together, they will help facilitate the purchase of 7,491,000 common shares at a price of $13.35 each. This offering is projected to yield gross proceeds of $100 million, which can be directed towards several key projects.
Over-Allotment Option for Additional Funding
In conjunction with this offering, Aya has granted an over-allotment option allowing the underwriters to purchase an extra 15% of shares at the same price. If fully exercised, this could raise an additional $15 million, bringing the total potential proceeds to approximately $115 million.
Utilization of Proceeds
The primary objective of these funds is to bolster Aya's exploration initiatives, especially in the Boumadine and Zgounder regions. By focusing on these areas, which are renowned for their mineral potential, Aya is positioning itself to maximize shareholder value and ensure sustainable growth. This dedication to exploration not only highlights Aya’s vision but also reaffirms its stance as a leader in the silver mining sector.
Anticipated Timeline for Offering
The offering is expected to close around June 19, 2025, pending several required approvals. This includes consent from the Toronto Stock Exchange and relevant securities regulatory authorities. Completing this transaction is crucial for Aya as it sets the stage for the company's future developments and operational enhancements.
Understanding the Company’s Vision
Aya Gold & Silver is recognized as the only TSX-listed company that focuses solely on silver mining. Operational excellence is at the core of its business, ensuring that all activities comply with high standards of sustainability and governance. As Aya continues to explore its properties along the promising South-Atlas Fault, the company remains committed to transparency and integrity in its business endeavors.
Engagement with Stakeholders
Acknowledging the interest of investors and stakeholders, Aya emphasizes the significance of maintaining open communication. The Company is keen to share updates and provide insights on its development and operational milestones. Interested parties seeking detailed information about the offering or broader company performance are encouraged to reach out directly.
Contact Information
For inquiries regarding this announcement or other matters, stakeholders can contact:
Benoit La Salle, FCPA FCAPresident & CEO
Email: benoit.lasalle@ayagoldsilver.com
Alex Ball
VP, Corporate Development & IR
Email: alex.ball@ayagoldsilver.com
Frequently Asked Questions
What is Aya Gold & Silver's primary focus?
Aya Gold & Silver primarily focuses on silver mining operations, with a significant presence in Morocco.
How much is the company raising through the offering?
The company is raising approximately $100 million through the share offering.
What projects will the funds be used for?
Proceeds from the offering will be directed towards exploration projects at Boumadine and Zgounder.
Who is leading the underwriting of the offering?
Desjardins Capital Markets is the sole bookrunner for the share offering.
When is the expected closing date of the offering?
The offering is scheduled to close on or around June 19, 2025, subject to necessary approvals.
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