Canada-based silver producer Aya Gold & Silver has announced a $70-million bought deal offering of shares to advance its exploration programmes and the expansion of its Zgounder project, in Morocco.
The company has entered into an agreement pursuant to which Eight Capital and Desjardins Capital Markets, as joint bookrunners and co-lead underwriters, together with a syndicate of underwriters, have agreed to purchase 8 485 000 common shares at $8.25 each.
The closing date of the offering is scheduled to be on January 25.