/THIS NEWS RELEASE IS INTENDED FOR
DISTRIBUTION IN CANADA ONLY AND IS
NOT AUTHORIZED FOR
DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
MONTREAL, Nov. 4, 2022
/CNW/ - Aya Gold & Silver
Inc. (TSX: AYA) (OTCQX: AYASF) ("Aya" or the
"Corporation") is pleased to announce that it has filed a
preliminary short form base shelf prospectus (the "Preliminary
Shelf Prospectus") with the securities regulatory authorities
in all the provinces of Canada
(except the territories).
Once a receipt for the final short form base shelf prospectus
(the "Shelf Prospectus") has been obtained from the
applicable Canadian securities regulatory authorities, Aya will be
able to offer for sale and issue common shares, debt securities,
subscription receipts, warrants and units of the Corporation
(collectively, the "Securities"), or any combination
thereof, up to an aggregate total of CA$200 million from time to
time during the 25-month period that the Shelf Prospectus remains
effective. The Securities may be offered in amounts, at prices and
on terms to be determined at the time of sale and, subject to
applicable regulations, may include "at-the-market" transactions,
public offerings or strategic investments. The specific terms of
any offering of Securities, including the use of proceeds from any
offering, will be set forth in one or more shelf prospectus
supplement(s) to be filed with applicable securities
regulators.
The Corporation has filed the Preliminary Shelf Prospectus to
have the ability to react quickly to market opportunities for
raising additional capital by offering the Securities on an
accelerated basis pursuant to the filing of prospectus supplements.
However, there is no certainty any Securities will be offered or
sold under the Shelf Prospectus within the 25-month period.
No securities regulatory authority has either approved or
disapproved the contents of this news release. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the Securities in
the United States or in any other
jurisdiction in which such offer, solicitation or sale would be
unlawful. The Securities have not been and will not be registered
under the U.S. Securities Act of 1933, as amended, and applicable
U.S. state securities laws and may not be offered or sold in
the United States absent
registration or an applicable exemption from the registration
requirements thereunder.
About Aya Gold & Silver
Inc.
Aya Gold & Silver Inc. is a
rapidly growing, Canada-based
silver producer with operations in the Kingdom of Morocco.
The only TSX-listed pure silver mining company, Aya operates the
high-grade Zgounder Silver Mine and is exploring its properties
along the prospective South-Atlas Fault, several of which have
hosted past-producing mines and historical resources. Aya's
Moroccan mining assets are complemented by its Tijirit Gold Project
in Mauritania, which is being
advanced to feasibility.
Aya's management team is focused on maximizing shareholder value
by anchoring sustainability at the heart of its production,
resource, governance, and financial growth plans.
Forward-Looking Statements
This press release contains "forward-looking information" within
the meaning of Canadian securities legislation. All information
contained herein that is not clearly historical in nature may
constitute forward-looking information. Generally, such
forward-looking information can be identified by the use of
forward-looking terminology such as "will", "continue", "provide",
"present", "reasonable", "established", "has", "demonstrate",
"potential", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would" or
"might". Forward-looking information includes statements regarding
the Corporation's ability to complete the offering of securities
pursuant to the Base Shelf Prospectus (the "Offering") on the terms
announced and to fulfill all conditions precedent, including
obtaining TSX approval, and the use of proceeds of the Offering.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Corporation
to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: (i)
volatile stock price; (ii) the general global markets and economic
conditions; (iii) the possibility of write-downs and impairments;
(iv) the risk associated with exploration, development and
operations of mineral deposits including the accuracy of the
current mineral reserve and mineral resource estimates of the
Corporation (including, but not limited to, ore tonnage and ore
grade estimates) and mine plans for the Corporation's mining
operations (including, but not limited to, throughput and
recoveries being affected by metallurgical characteristics); (v)
the risk associated with establishing title to mineral properties
and assets including permitting, development, operations and
production from the Corporation's operations being consistent with
expectations and projections; (vi) fluctuations in commodity prices
and other risks and factors described or referred to in the section
entitled "Risk Factors" in the MD&A of the Corporation and
which is available at www.sedar.com, all of which should be
reviewed in conjunction with the information found in this news
release
Although the Corporation has attempted to identify important
factors that could cause actual results to differ materially from
those contained in the forward-looking information, there may be
other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such forward-looking information. Such
forward-looking information has been provided for the purpose of
assisting investors in understanding the Corporation's business,
operations and exploration plans and may not be appropriate for
other purposes. Accordingly, readers should not place undue
reliance on forward-looking information. Forward-looking
information is given as of the date of this press release, and the
Corporation does not undertake to update such forward-looking
information except in accordance with applicable securities
laws.
SOURCE Aya Gold & Silver
Inc