Aya Gold & Silver Secures $143.8 Million for Growth Initiatives

Aya Gold & Silver Completes Successful Offering
MONTREAL — Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) is thrilled to report the successful closure of their public offering of common shares, generating an impressive $143.8 million. This funding will significantly bolster the company's initiatives and explore further prospects.
Successful Offering Details
The company announced that a total of 10,800,000 common shares were offered at a price of $13.35 per share, which included the complete exercise of the over-allotment option. This fundraising effort has established a strong liquidity position for Aya, enabling them to advance crucial exploration programs.
Plan for Future Growth and Exploration
Advancements at Key Projects
The net proceeds from this offering are earmarked for the exploration initiatives at the Boumadine site as well as the Zgounder Regional project. These projects are pivotal for Aya’s operational strategy and long-term growth. The funds will also be utilized to strengthen working capital and support general corporate objectives.
Strategic Underwriters and Support
Desjardins Capital Markets served as the lead underwriter for the offering, supported by other notable financial institutions. Their collective expertise played a crucial role in the successful execution of this transaction, reflecting strong investor confidence.
Leadership's Vision
Benoit La Salle, President & CEO of Aya, expressed his enthusiasm regarding the closing of this financing. He stated that this funding would empower Aya to unlock the enormous potential of the Boumadine project while also maintaining robust operations at Zgounder. The leadership team is dedicated to delivering sustainable growth and shareholder value.
About Aya Gold & Silver Inc.
Aya Gold & Silver is a prominent silver producer headquartered in Canada, with its operations centered in Morocco. As the only public silver mining company listed on the TSX, Aya plays a vital role in the mining sector. Their flagship Zgounder Silver Mine exemplifies their commitment to producing high-quality silver while exploring several promising properties nearby.
Commitment to Sustainability
Aya's management is focused on sustainable operations that align with their financial growth goals, ensuring that environmental responsibility is integral to their strategies.
Contact Information
For further inquiries, please contact:
Benoit La Salle, FCPA, MBA
President & CEO
benoit.lasalle@ayagoldsilver.com
Alex Ball
VP, Corporate Development & IR
alex.ball@ayagoldsilver.com
Frequently Asked Questions
What is the amount raised in the offering?
Aya Gold & Silver raised approximately $143.8 million through their recent public offering.
What projects will the funds be used for?
The proceeds will advance the exploration programs at Boumadine and Zgounder, as well as support general corporate purposes.
Who managed the offering?
Desjardins Capital Markets led the underwriting process, supported by National Bank Financial and BMO Capital Markets.
What is Aya Gold & Silver's primary business?
Aya Gold & Silver Inc. focuses on silver production, with major operations based in Morocco, specifically at the Zgounder Silver Mine.
How does Aya Gold & Silver ensure sustainability?
Aya is committed to embedding sustainability in every aspect of its operations, with a focus on responsible mining practices and shareholder value maximization.
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