Golden Minerals Announces Closing of US$4.2 Million Public Offering
November 08 2023 - 3:14PM
Business Wire
Golden Minerals Company (“Golden Minerals”, “Golden” or the
“Company”) (NYSE American: AUMN and TSX: AUMN) is pleased to
announce the closing of its previously announced 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 have an exercise price of $0.70 per share, are exercisable
immediately and will expire five years after the initial exercise
date, and the Series B warrants have an exercise price of $0.70 per
share, are exercisable immediately and will expire 18 months after
the initial exercise date.
H.C. Wainwright & Co. acted as the exclusive placement agent
for the offering.
The gross proceeds from the offering were 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 were 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 of the securities described above was 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 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.
Follow us at www.linkedin.com/company/golden-minerals-company/
and https://twitter.com/Golden_Minerals.
For additional information please visit
http://www.goldenminerals.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20231108107410/en/
Golden Minerals Company Karen Winkler, Director of Investor
Relations (303) 839-5060
Golden Minerals (AMEX:AUMN)
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