Aya Gold and Silver Announces Upsize of Previously Announced Bought Deal to $125 Million
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The base shelf prospectus is accessible, and the prospectus supplement and any amendment to the foregoing documents will be accessible within one business day, on SEDAR+.
MONTREAL, June 11, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX:AYA, OTCQX:AYASF) ("Aya" or the "Company") is pleased to announce that as a result of excess demand, it has entered into an amended agreement pursuant to which Desjardins Capital Markets ("Desjardins"), as sole bookrunner, together with a syndicate of underwriters including National Bank Financial Inc. and BMO Capital Markets, together with Desjardins as co-lead underwriters, (collectively, the "Underwriters"), has agreed to increase the size of its previously announced bought deal equity financing to purchase, on a bought deal basis, 9,363,300 common shares in the capital of the Company (the "Shares"), at a price of $13.35 per Share (the "Issue Price") for gross proceeds of $125,000,055 (the "Offering").
The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 15% of the Shares at the Issue Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering (the "Over-Allotment Option"). If the Over-Allotment Option is exercised in full, $18,750,008 additional proceeds will be raised pursuant to the Offering and the aggregate proceeds of the Offering will be approximately $143,750,063.
The Company intends to use the net proceeds of the Offering to advance its business objectives including for the advancement of its exploration program at Boumadine, the exploration program at Zgounder Regional, and for working capital and general corporate purposes.
The closing date of the Offering is scheduled to be on or about June 19, 2025, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities.
The Offering will be completed by way of a prospectus supplement (the "Supplement") to the short form base shelf prospectus of the Company dated June 10, 2025 (the "Base Prospectus"), which Supplement is expected to be filed on or prior to June ...
