Americas Gold and Silver Corporation’s $33.9 Million Bought Deal Prospectus Offering


Cassels acted for the underwriters.

On January 29, 2021, Americas Gold and Silver Corporation closed a bought deal prospectus financing of 10,253,128 common shares at a price of $3.31 per share for aggregate gross proceeds of approximately $33.9 million, which includes the partial exercise of the underwriters’ over-allotment option.

The offering was completed through a syndicate of underwriters led by Desjardins Capital Markets and including Cormark Securities Inc., Stifel GMP, Clarus Securities Inc., Laurentian Bank Securities Inc., H.C. Wainwright & Co., Alliance Global Partners and Roth Capital Partners, LLC.

The Cassels team included Chad Accursi (Picture), James Lyle, Jasmine Qin and Jackie Karbi (Securities and Mining).

Involved fees earner: Chad Accursi – Cassels Brock & Blackwell LLP; Jackie Karbi – Cassels Brock & Blackwell LLP; James Lyle – Cassels Brock & Blackwell LLP; Jasmine Qin – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Alliance Global Partners Ltd; Clarus Securities Inc.; Cormark Securities Inc.; Desjardins Capital Markets; H.C. Wainwright & Co.; Laurentian Bank Securities Inc.; Roth Capital Partners, LLC; Stifel GMP;

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Author: Ambrogio Visconti