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Aya Gold and Silver Announces Upsize of Previously Announced Bought Deal to $125 Million
Globenewswireยท 2025-06-11 13:54
Core Viewpoint - Aya Gold & Silver Inc. has announced an increase in its bought deal equity financing due to excess demand, raising gross proceeds to approximately $125 million, with potential additional proceeds from an over-allotment option [2][3]. Group 1: Offering Details - The company will issue 9,363,300 common shares at a price of $13.35 per share, resulting in gross proceeds of $125,000,055 [2]. - An over-allotment option allows underwriters to purchase an additional 15% of the shares, potentially raising total proceeds to approximately $143,750,063 if fully exercised [3]. - The closing date for the offering is scheduled for around June 19, 2025, pending necessary approvals [5]. Group 2: Use of Proceeds - Net proceeds from the offering will be utilized to advance exploration programs at Boumadine and Zgounder Regional, as well as for working capital and general corporate purposes [4]. Group 3: Company Overview - Aya Gold & Silver Inc. is a rapidly growing silver producer based in Canada, operating primarily in Morocco [9]. - The company is the only TSX-listed pure silver mining company and focuses on maximizing shareholder value through sustainable practices [10].