TSX:USAMetals and Mining
Americas Gold and Silver (TSX:USA) Is Up 9.2% After Crescent Silver Financing And Sprott Stake Cut – Has The Bull Case Changed?
Americas Gold and Silver Corporation recently closed a US$132.25 million bought deal financing to fund its acquisition of Crescent Silver, LLC and mine upgrades, while high-profile investor Eric Sprott trimmed his ownership from about 16.3% to 14.7% through the sale of 5,000,000 shares on the Toronto Stock Exchange.
This combination of fresh capital for the Crescent Mine and a reduced stake by a long-term backer reshapes both the company’s funding profile and its shareholder mix.
We’ll now...