/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, Jan. 13,
2023 /CNW Telbec/ - Aya
Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF)
("Aya" or the "Corporation") announces that it has
obtained a receipt for a final short form base shelf prospectus
further to its filing of a preliminary short form base shelf
prospectus. Both documents have been filed with the securities
regulators in each of the provinces of Canada (excluding the territories).
These filings will allow the Corporation, if it chooses, to make
offerings of common shares, debt securities, warrants, subscription
receipts, or any combination thereof (collectively, the
"Securities"), of up to $200
million during the next 25 months in Canada. The Corporation filed this base shelf
prospectus to maintain financial flexibility. The net proceeds from
any such offerings may be used by the Corporation to advance its
business objectives and for general corporate purposes, including
funding ongoing operations and/or working capital requirements
including among other things, the Zgounder expansion project.
This news release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these Securities in any jurisdiction in which an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
The Securities will not be offered, sold or delivered, directly or
indirectly within the United
States (as such term is defined in Regulation S under the
U.S. Securities Act) except pursuant to transactions exempt from
registration under the U.S. Securities Act and under the securities
laws of any applicable state. There is no certainty that any
Securities will be offered or sold under the prospectus within the
25-month period.
In connection with the filing of the aforementioned base shelf,
the Corporation refiled its consolidated financial statements for
the years ended December 31, 2021 and
2020 for the sole and only purpose of inclusion in the financial
statements of the auditors' report of Raymond Chabot Grant Thornton
LLP, the former auditors of the Corporation, for the year ended
December 31, 2020, with a view to
ensuring compliance with the regulatory requirements associated
with the Corporation's filing of its final base shelf
prospectus.
Copies of the preliminary short form base shelf prospectus
and final short form base shelf prospectus can be found on the
Corporation's profile on SEDAR at www.sedar.com.
No securities regulatory authority has either approved or
disapproved the contents of this news release.
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.
For additional information, please visit Aya's website at
www.ayagoldsilver.com or contact:
Forward-Looking Statements
This press release includes certain statements that may be
deemed "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