Mr. Darren Blasutti reports
AMERICAS SILVER CORPORATION CLOSES US$10M PRIVATE PLACEMENT WITH MR. ERIC SPROTT
Americas Silver Corp. has closed its non-brokered private placement with Eric Sprott, announced in the news release dated July 19, 2019. The company raised gross proceeds of $10-million (U.S.) through the issuance of 3,955,454 common shares priced at $3.30 per share.
As at July 26, 2019, there are 82,487,633 common shares and 3,678,135 preferred shares with 5,928,500 options and 5,087,014 warrants of the company issued and outstanding.
About Americas Silver Corp.
Americas Silver is a precious metal mining company that is focused on growth from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosala operations in Sinaloa, Mexico, and the Galena complex in Idaho, the United States. The company expects to begin producing gold in the fourth quarter of 2019 at its fully financed Relief Canyon project, Nevada, the United States, which is currently in construction.
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