- Aya Gold & Silver (AYA) has announced a bought deal offering of common shares for gross proceeds of $70,001,250
- The company will issue 8,485,000 common shares at a price of $8.25 per share
- If the offered over-allotment option is fully exercised, gross proceeds from the offering will total $80,500,000
- The offering is expected to close on or about January 25, 2023
- Aya Gold & Silver is a Canada-based silver producer with operations in Morocco
- Aya Gold & Silver Inc. (AYA) opened trading at C$9.16
Aya Gold & Silver (AYA) has announced a bought deal offering of common shares for gross proceeds of $70,001,250.
Eight Capital and Desjardins Capital Markets, on behalf of a syndicate of underwriters, will purchase 8,485,000 common shares at a price of $8.25 per share.
The company has agreed to grant the underwriters an over-allotment option to purchase up to an additional 15 per cent of the shares exercisable at any time on or prior to 30 days after the offering has closed If this option is exercised in full, additional proceeds of approximately $10,500,000 will be raised for total gross proceeds of approximately $80,500,000.
Net proceeds will be used to advance its business objectives, including the advancement of its exploration program, namely the Boumadine and Zgounder projects and for working capital and general corporate purposes.
The offering is expected to close on or about January 25, 2023, and is subject to the receipt of all necessary approvals.
Aya Gold & Silver is a Canada-based silver producer with operations in the Kingdom of Morocco.
Aya Gold & Silver Inc. (AYA) opened trading at C$9.16.