Aya Gold & Silver Announces Approval to Acquire Algold Resources
PRESS RELEASE
Aya Gold & Silver Announces Approval to Acquire Algold Resources
Montreal, Quebec, March 5, 2021 - Aya Gold & Silver Inc. (TSX: AYA) (“Aya” or the “Corporation”) is
pleased to announce that the Proposal made by Algold Resources Ltd. (“Algold”) to its creditors was
approved today pursuant to which Aya will fund Algold’s Proposal and at closing, will become the sole
shareholder of Algold (the “Transaction”).
Under the terms of the Investment Agreement, Aya will provide Algold with C$100,000 in cash and
distribute C$2,400,000 in Aya shares to Algold current shareholders to fund Algold’s Proposal.
The Transaction is expected to close on or around April 30, 2021.
Further details regarding the Proposal can be found on the Trustee’s website at
https://www.raymondchabot.com/fr/entreprises/dossiers-publics/algold-resources-ltd/
About Aya Gold & Silver Inc.
Aya Gold & Silver Inc. is a publicly traded Canadian company focused on the operation, exploration,
acquisition, and development of silver and gold deposits. Aya is currently operating mining and milling
facilities at its Zgounder Silver Mine, an 85%-15% joint venture between its subsidiary, ZMSM, and the
Office National des Hydrocarbures et des Mines (“ONHYM”) of the Kingdom of Morocco.
Its mining portfolio also includes the Boumadine polymetallic deposit located in the Anti -Atlas
Mountains of Eastern Morocco which is also a joint venture with ONHYM wherein Aya retains an 85%
ownership. Additionally, the Corporation’s portfolio includes the Amizmiz and Azegour properties, both
being 100% owned, with gold, tungsten, molybdenum , and copper occurrences in the center of a
historical mining district of Morocco.
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
Forward-Looking Statements
This press release contains "forward-looking information" within the meaning of Canadian securities
legislation. All information contained herein that is not clearly historical in nature may constitute
forward-looking information. Generally, such forward-looking information can be identified by the use
of forward -looking terminology such as “would”, “expected”, “will”, “provide”, “quickly”, “upside”,
“potential”, “leverage”, “aim”, “secure”, “ intends”, “ shall”, “accelerates”, “future”, “growth”, “plan”,
“scheduled”, “momentum”, “anticipates”, “continued”, “will”, “continue”, “provide”, “present”,
“reasonable”, “established”, “has”, “demonstrate”, “potential”, “expect” or variations of such words and
phrases or state that certain actions, events or results "may", "could", "would" or "might". Forward-
looking information is subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the Corporation to be
materially different from those expressed or implied by such forward -looking information, including
but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii)
the possibility of write-downs and impairments; (iv) the risk associated with exploration, development
and operations of mineral deposits including the accuracy of the current mineral reserve and mineral
resource estimates of the Corporation (including, but not limited to, ore tonnage and ore grade
estimates) and mine plans for the Corporation’s mining operations (including, but not limited to,
throughput and recoveries being affected by metallurgical characteristics); (v) the risk associated with
establishing title to mineral properties and assets including permitting, development, operations and
production from the Corporation’s operations being consistent with expectations and projections; (vi)
Aya’s ability to fund Algold’s Proposal to its creditors by providing Algold with C$100,000 in cash ,
C$2,500,000 in Aya shares and C$2,400,000 in Aya shares to be distributed to Algold current
shareholders; (vii) the Algold creditors voting positively on Algold’s Proposal, (viii) fluctuations in
commodity prices and other risks and factors described or referred to in the section entitled "Risk
Factors" in the MD&A of the Corporation and which is available at www.sedar.com, all of which should
be reviewed in conjunction with the information found in this news release.
Although the Corporation 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 a nticipated in such forward -looking information. Such forward -looking
information has been provided for the purpose of assisting investors in understanding the
Corporation'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 Corporation does not
undertake to update such forward-looking information except in accordance with applicable securities
laws.