Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE:AUMN, TSX:AUMN) is pleased to announce the pricing of its public offering of an aggregate of 6,000,000 shares of its common stock (or common stock equivalents in lieu thereof), Series A warrants to purchase up to 6,000,000 shares of common stock and Series B warrants to purchase up to 3,000,000 shares of common stock, at a public offering price of $0.70 per share of common stock (or common stock equivalent in lieu thereof) and accompanying warrants. The Series A warrants will have an exercise price of $0.70 per share, will be exercisable immediately and will expire five years after the initial exercise date, and the Series B warrants will have an exercise price of $0.70 per share, will be exercisable immediately and will expire 18 months after the initial exercise date. The offering is expected to close on or about November 8, 2023, subject to the satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
The gross proceeds from the offering are expected to be approximately $4.2 million, prior to deducting placement agent’s fees and other offering expenses payable by Golden. Golden intends to use the net proceeds from the offering for working capital and other general corporate purposes.
