Date Closed

September 15, 2021

Lead Office

Québec City

Value

70.00 Million CAD

On September 15, 2021, Aya Gold & Silver Inc. closed its previously announced bought deal financing. A total of 6,830,000 common shares were sold at a price of C$10.25 per Common Share for aggregate gross proceeds to Aya of C$70,007,500. Aya intends to use the net proceeds of the Offering for the expansion of its Zgounder Mine, for advancement of its other properties and for general corporate purposes.

The offering was co-led by Desjardins Capital Markets (Desjardin) and Sprott Capital Partners with Desjardins acting as sole bookrunner, and including Cormark Securities Inc., National Bank Financial Inc., Stifel, GMP, and BMO Capital Markets.

Aya Gold & Silver Inc. is a publicly traded Canadian company focused on the operation, exploration, acquisition and development of silver and gold deposits.

McCarthy Tétrault LLP is advised a syndicate of underwriters, co-led by Desjardins and Sprott, with a team led by Charles-Antoine Soulière that includes Farhiyah Shariff, Alexandra Simard, and Fred Purkey.