AYA GOLD and Silver Announces $100 Million Bought Deal Offering of Common Shares
AYA GOLD AND SILVER ANNOUNCES $100 MILLION BOUGHT DEAL
OFFERING OF COMMON SHARES
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
The base shelf prospectus is accessible, and the prospectus supplement and any amendment to the foregoing
documents will be accessible within two business days, on SEDAR+.
Montreal, Quebec – June 10, 2025 – Aya Gold & Silver Inc . (TSX: AYA; OTCQX: AYASF) (“Aya” or
the “Company”) is pleased to announce that it has entered into an agreement pursuant to which Desjardins
Capital Markets (“Desjardins”), as sole bookrunner, together with a syndicate of underwriters including
National Bank Financial Inc. and BMO Capital Markets, together with Desjardins as co-lead underwriters,
(collectively, the “ Underwriters”), has agreed to purchase , on a bought deal basis, 7,491,000 common
shares in the capital of the Company (the “Shares”), at a price of $13.35 per Share (the “Issue Price”) for
gross proceeds of $100,004,850 (the “Offering”).
The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional
15% of the Shares at the Issue Price, exercisable in whole or in part, at any time on or prior to the date that
is 30 days following the closing of the Offering (the “Over-Allotment Option”). If the Over-Allotment
Option is exercised in full, $15,000,728 additional proceeds will be raised pursuant to the Offering and the
aggregate proceeds of the Offering will be approximately $115,005,578.
The Company intends to use the net proceeds of t he Offering to advance its business objectives including
for the advancement of its exploration program at Boumadine , the exploration program at Zgounder
Regional, and for working capital and general corporate purposes.
The closing date of the Offering is scheduled to be on or about June 19, 2025, and is subject to certain
conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the
Toronto Stock Exchange and the applicable securities regulatory authorities.
The Offering will be completed by way of a prospectus supplement (the “Supplement”) to the short form
base shelf prospectus of the Company dated June 10, 2025 (the “Base Prospectus”), which Supplement is
expected to be filed on or prior to June 12, 2025 with the securities commissions and other similar regulatory
authorities in each of the provinces of Canada and in such other jurisdictions as are agreed to by the
Company and the Underwriters, in each case provided that no prospectus, registration statem ent or other
similar document is required to be filed in such jurisdiction and that the Company will not be or become
subject to any continuous disclosure obligations in such jurisdiction. The Base Prospectus and, once filed,
the Supplement can be found on SEDAR+ at www.sedarplus.ca, and contain important detailed information
about the Offering.
Electronic or paper copies of the Base Prospectus, the Supplement (when filed), and any amendment to the
documents may be obtained, without charge, from Desjardins Capital Markets at 25 York St., 10th Floor,
Toronto, ON M5J 2V5, Attention: Equity Capital Markets or by email at [email protected].
This news 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 any jurisdiction where such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such jurisdiction . The securities have not
been and will not be registered under the United States Securities Act of 1933 , as amended (the “ 1933
Act”), and may not be offered or sold in the United States absent registration under the 1933 Act and all
applicable U.S. state securities laws, or in compliance with applicable exemptions from such registration
requirements.
AYA GOLD & SILVER INC.
Per: “Benoit La Salle”
Benoit La Salle, FCPA FCA
President and Chief Executive Officer
About Aya Gold & Siler 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 management team has been focused on maximising shareholder value by anchoring sustainability at
the heart of its operations, governance, and financial growth plans.
For additional information, please visit Aya’s website at www.ayagoldsilver.com.
Or contact
Benoit La Salle, FCPA FCA
President & CEO
Alex Ball
VP, Corporate Development & IR
Notice Regarding Forward Looking Information
Certain information in this news release related to the Company is forward -looking information and is
prospective in nature. Forward -looking information is not based on historical facts, but rather on current
expectations and projections about future event s, and is therefore subject to risks and uncertainties which
could cause actual results to differ materially from the future results expressed or implied by the forward -
looking information. The information generally can be identified by the use of forward-looking words such
as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”,
or the negative thereof or similar variations. Forward -looking information in this news release include
statements regarding the Offering including anticipated timing of the filing of the Supplement and the
closing, the exercise of the Over-Allotment Option, the receipt of required regulatory approvals including
acceptance of the Offering by the TSX , and the intended use of proceeds of the Offering. There are
numerous risks and uncertainties that could cause actual results and Aya’s plans and objectives to differ
materially from those expressed in the forward -looking information, including: (i) adverse mar ket
conditions; (ii) risks inherent in the mineral production and exploration sectors in general; (iii) that the
proceeds of the Offering may need to be used other than as set out in this news release , as well as other
risks and uncertainties which are more fully described in Aya’s 2024 Annual Information Form dated March
31, 2025, and in other filings of Aya with securities and regulatory authorities which are available on
SEDAR+ at www.sedarplus.ca. Actual results and future events could differ materially from those
anticipated in such information. These and all subsequent written and oral forward-looking information are
based on estimates and opinions of management on the dates they are made and are expressly qualified in
their entirety by this notice.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in policies
of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
Although the Company 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 assistin g investors in understanding the Company'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 Company does not undertake to update such forward‐looking information except in accordance
with applicable securities laws.