Golden Minerals Announces US$4.2 Million Public Offering
November 06 2023 - 8:15AM
Business Wire
Golden Minerals Company (“Golden Minerals”, “Golden” or the
“Company”) (NYSE American: AUMN and TSX: AUMN) is pleased to
announce the pricing of its public offering of an aggregate of
6,000,000 shares of its common stock (or common stock equivalents
in lieu thereof), Series A warrants to purchase up to 6,000,000
shares of common stock and Series B warrants to purchase up
to 3,000,000 shares of common stock, at a public offering price of
$0.70 per share of common stock (or common stock equivalent in lieu
thereof) and accompanying warrants. The Series A warrants will have
an exercise price of $0.70 per share, will be exercisable
immediately and will expire five years after the initial exercise
date, and the Series B warrants will have an exercise price of
$0.70 per share, will be exercisable immediately and will expire 18
months after the initial exercise date. The offering is
expected to close on or about November 8, 2023, subject to the
satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement
agent for the offering.
The gross proceeds from the offering are expected to be
approximately $4.2 million, prior to deducting placement agent’s
fees and other offering expenses payable by Golden. Golden intends
to use the net proceeds from the offering for working capital and
other general corporate purposes.
The securities described above are being offered pursuant to a
registration statement on Form S-1 (File No. 333-274403) that was
initially filed with the Securities and Exchange Commission (the
“SEC”) on September 7, 2023, and declared effective on November 6,
2023. The offering the securities described above is being made
only by means of a prospectus forming part of the effective
registration statement relating to the offering. A preliminary
prospectus relating to the offering has been filed with the SEC and
is available on the SEC’s website at http://www.sec.gov. Electronic
copies of the final prospectus, when available, may be obtained on
the SEC’s website at http://www.sec.gov and may also be obtained by
contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd
Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail at
placements@hcwco.com
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
About Golden Minerals
Golden Minerals is a gold and silver mining company based in
Golden, Colorado. The Company is primarily focused on resuming
production at its Velardeña Properties and advancing its Yoquivo
property in Mexico, and, through partner-funded exploration,
advancing its El Quevar silver property in Argentina. The Company
is also focused on acquiring and advancing selected mining
properties in Mexico, Nevada and Argentina.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995, as amended, Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and applicable
Canadian securities legislation, including statements regarding the
Company’s public offering of common stock and Series A and B
warrants and gross proceeds from the public offering. These
statements are subject to risks and uncertainties, including risks
and uncertainties related to market conditions and the satisfaction
of closing conditions related to the proposed public offering.
Golden Minerals assumes no obligation to update this information.
Additional risks relating to Golden Minerals may be found in the
periodic and current reports filed with the SEC by Golden Minerals,
including the Company’s Annual Report on Form 10-K for the year
ended December 31, 2022.
Follow us at www.linkedin.com/company/golden-minerals-company/
and https://twitter.com/Golden_Minerals.
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version on businesswire.com: https://www.businesswire.com/news/home/20231103958744/en/
For additional information please visit
http://www.goldenminerals.com/ or contact:
Golden Minerals Company Karen Winkler, Director of Investor
Relations (303) 839-5060
Golden Minerals (AMEX:AUMN)
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