Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
July 22 2020 - 6:04AM
Edgar (US Regulatory)
Free Writing Prospectus dated July 21, 2020
Filed pursuant to Rule 433
Relating to the Preliminary Prospectus Supplement dated July 21,
2020
Registration Statement No. 333-220461
GOLDEN MINERALS INCREASES PREVIOUSLY
ANNOUNCED
BOUGHT DEAL OF COMMON STOCK TO $7.5 MILLION
Golden, Colorado, July 21, 2020 (Globe
Newswire) -- Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the
Company”) announced today that, due to demand, the underwriter has agreed to increase the size of the previously announced
offering and purchase on a firm commitment basis 17,857,143 shares of common stock of the Company, at a price to the public of
$0.42 per share, less customary underwriting discounts and commissions. The closing of the offering is expected to occur on or
about July 23, 2020, subject to satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as
the sole book-running manager for the offering.
The Company also has granted to the underwriter
a 30-day option to purchase up to an additional 2,678,571 shares of common stock at the public offering price, less customary underwriting
discounts and commission. The gross proceeds to Golden, before deducting customary underwriting discounts and commissions and offering
expenses and assuming no exercise of the option to purchase additional shares of common stock, are expected to be approximately
$7,500,000. Golden intends to use the net proceeds of the offering for working capital requirements and general corporate purposes.
The shares of common stock described above
are being offered by the Company pursuant to a "shelf" registration statement on Form S-3 (File No. 333-220461) filed
with the Securities and Exchange Commission (SEC) and declared effective on September 28, 2017 and the accompanying prospectus
contained therein. The offering of the shares of common stock is being made only by means of a prospectus, including a prospectus
supplement, forming a part of the effective registration statement. A preliminary prospectus supplement and the accompanying prospectus
relating to and describing the terms of the offering were filed with the SEC. A final prospectus supplement and the accompanying
prospectus relating to this offering will be filed with the SEC and, upon filing, may be obtained on the SEC's website at http://www.sec.gov or
by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by e-mail at placements@hcwco.com or
by calling 646-975-6996.
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 these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.
Neither the Toronto Stock Exchange nor
the NYSE American have approved or disapproved the contents of this press release.
About Golden Minerals
Golden Minerals is a Delaware corporation
based in Golden, Colorado. The Company is primarily focused on advancing its Rodeo and Velardeña properties in Mexico and,
through partner-funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing selected mining
properties in Mexico, Argentina and Nevada.
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GOLDEN MINERALS COMPANY
350 Indiana Street – Suite 650 – Golden, Colorado 80401 – Telephone (303) 839-5060
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of Securities Exchange Act
of 1934, as amended, and applicable Canadian securities legislation, including statements regarding the scheduled closing date
of the offering and the anticipated use of proceeds. These statements are subject to risks and uncertainties, including the receipt
of listing approval from the Toronto Stock Exchange and NYSE American and general market conditions. Additional risks relating
to Golden may be found in the periodic and current reports filed with the Securities Exchange Commission by Golden, including the
Company's Annual Report on Form 10-K for the year ended December 31, 2019.
For additional information please visit
http://www.goldenminerals.com/ or contact:
Golden Minerals Company
Karen Winkler, Director of Investor Relations
(303) 839-5060
SOURCE: Golden Minerals Company
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GOLDEN MINERALS COMPANY
350 Indiana Street – Suite 650 – Golden, Colorado 80401 – Telephone (303) 839-5060
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