/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, Sept. 15, 2021 /CNW/ - Aya Gold & Silver Inc. (TSX: AYA) ("Aya"
or the "Corporation") is pleased to announce that it has closed its
previously announced bought deal financing (the "Offering"). A
total of 6,830,000 common shares (the "Common Shares") were sold
under the Offering at a price of $10.25 per Common Share for aggregate gross
proceeds to Aya of $70,007,500.
The Offering was conducted by a syndicate of underwriters co-led
by Desjardins Capital Markets ("Desjardins") and Sprott Capital
Partners (collectively, the "Co-Lead Underwriters") with Desjardins
acting as sole bookrunner, and including Cormark Securities Inc.,
National Bank Financial Inc., Stifel GMP, and BMO Capital Markets
(together with the Co-Lead Underwriters, the "Underwriters").
The Common Shares were issued pursuant to a short form
prospectus (the "Prospectus") dated September 9, 2021, filed in each of the provinces
of Canada. A copy of the
Prospectus is available under the Company's profile on SEDAR at
www.sedar.com.
Aya intends to use the net proceeds of the Offering for the
expansion of its Zgounder Mine, for advancement of its other
properties and for general corporate purposes.
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 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 has been focused on maximising shareholder
value by anchoring sustainability at the heart of its operations
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 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