Aya Gold & Silver Closes Bought Deal Offering with Full Exercise of Over-Allotment Option for Gross Proceeds of $143.8 Million
PRESS RELEASE
Aya Gold & Silver Closes Bought Deal Offering with Full
Exercise of Over-Allotment Option for Gross Proceeds
of $143.8 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.
Montreal, Quebec, June 18, 2025 - Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the
“Company”) is pleased to announce that it has closed its previously announced and upsized
underwritten public offering of common shares in the capital of the Company (the “Shares”) at a price
of $13.35 per Share, including the full exercise of the over-allotment option, for aggregate gross
proceeds of approximately $143,750,000 (the “Offering”).
Desjardins Capital Markets acted as sole bookrunner, along with National Bank Financial Inc. and BMO
Capital Markets as co-lead underwriters, with a syndicate of underwriters comprised of CIBC World
Markets Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc., Scotia Capital Inc., SCP Resource
Finance LP, Beacon Securities Limited, and INFOR Financial Inc. (collectively, the “Underwriters”).
The Company intends to use the net proceeds of the 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.
“With the closing of this financing and the full exercise of the over-allotment option, Aya is now in its
strongest liquidity position to date,” said Benoit La Salle, President & CEO. “This capital gives us the
flexibility to fully unlock the value of our Boumadine project, while continuing to deliver strong
operational performance at Zgounder, maximize cash flow, and deliver long-term value for all
shareholders. We thank our investors for their continued confidence and support.”
The Offering was 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
was filed on June 12, 2025. The Base Prospectus and the Supplement can be found on SEDAR+ at
www.sedarplus.ca and contain important detailed information about the Offering.
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.
About Aya Gold & Silver 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, MBA
President & CEO
Alex Ball
VP, Corporate Development & IR
Forward-Looking Statements
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 events, 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 intended use and anticipated benefits of the net 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 market conditions; (ii) risks inherent in the mineral production and exploration sectors in
general; (iii) that the net 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 assisting 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.