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Americas Gold and Silver closes C$33.9m financing

1st February 2021

By: Creamer Media Reporter

     

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Precious metals company Americas Gold and Silver has closed its previously announced and upsized bought deal financing, raising C$33.94-million for its mines and project in North America.

To raise the capital, the company sold shares at C$3.31 each. On Friday, Americas Gold and Silver traded C$3.47 a share.

The net proceeds of the offering would be used for working capital at the Relief Canyon mine, in Nevada, as the operation proceeded to full production and for exploration and development of the 60%-owned Galena Complex, in Idaho.

The Cosala operation, in Mexico, is currently on care and maintenance.

Edited by Creamer Media Reporter

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