TORONTO, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Americas Gold and Silver Corporation (TSX:USA) (NYSE:USAS) ("Americas" or the "Company") is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and BMO Capital Markets (collectively, the "Underwriters") to increase the size of its previously announced "bought deal" private placement to aggregate gross proceeds of US$115,000,000. The Offering (as defined herein) shall consist of 28,750,000 common shares of the Company (the "Common Shares") at a price of US$4.00 per Common Share (the "Offering").
The Company has also granted the Underwriters an option to purchase up to an additional 4,312,500 Common Shares at US$4.00 per Common Share for additional gross proceeds of up to US$17,250,000, which option is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Offering.
The net proceeds of the Offering will be used to fund the cash portion of the purchase price in connection with the Acquisition, and to fund capital expenditures and support working capital at the Crescent Mine following completion of the Acquisition, as well as for working capital and general corporate purposes.
The Common Shares will be offered on a private placement basis pursuant to available exemptions from the prospectus requirement in each of the provinces of Canada, and in such other jurisdictions as may be mutually agreed to by the Company and the Underwriters. It is anticipated that closing of the Offering will occur on or about December 3, 2025, or such other date or dates as the Company and the Underwriters may agree. The Offering is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the conditional approval of the Toronto Stock Exchange. The securities to be issued under the Offering will be subject to a hold period expiring four months and one day from the applicable closing date in accordance with applicable Canadian securities laws.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Americas Gold and Silver Corporation
Americas Gold & Silver is a rapidly growing North American mining company producing silver, copper, and antimony from ...
