Aya Gold & Silver Inc. completed a public offering of 6,586,000 common shares on February 8, 2024, priced at $10.25 per share, raising gross proceeds of $67.51 million. The offering was made under a prospectus supplement to a base shelf prospectus dated January 12, 2023. The net proceeds amounted to $64.13 million after deducting underwriters’ fees of $3.38 million, with an option for an additional 987,900 shares. The funds will primarily support Boumadine exploration and development and other projects.

The lead underwriters were Eight Capital and National Bank Financial, with Desjardins Securities, Raymond James Ltd., SCP Resource Finance LP, Canaccord Genuity Corp, and Cormark Securities Inc. also participating. Legal advisors included Dentons Canada LLP for Aya Gold & Silver and McCarthy Tétrault LLP for the underwriters.

The Toronto Stock Exchange conditionally approved the listing of the shares, subject to meeting all requirements.