Golden Minerals Announces Offering of up to C$5,000,000
Golden Minerals announced a non-brokered private placement of up to C$5,000,000, issuing up to 17,857,142 units at C$0.28, each with one share plus a half-warrant exercisable at C$0.45 for 24 months. The raise will be up to roughly 147.4% of the 18.9 million shares currently outstanding when including warrant and finder's shares, an approximately 94.5% increase in fully diluted shares, requiring a TSX financial-hardship exemption from shareholder approval. The company discloses it has no revenue-producing operations, its available funds will be exhausted by year-end 2026, and it faces imminent liquidation if the offering fails; it also expects remedial delisting review from the TSX.
Key figures
- Deal Value Usd
- C$5,000,000
- Offering Price
- C$0.28
- Shares Offered
- 17857142
- Closing date
- on or about November 9, 2026
- Warrant term
- 24 months
- Finder fee pct
- 6.0%
- Warrant strike
- C$0.45
- Warrants issued
- 8928571
- Acceleration trigger
- VWAP above C$0.90 for 10 consecutive trading days
- Finders warrant shares
- 1071428
- Streamline ownership pct
- 19.8%
- Insider participation cap
- 10%
- Dilution fully diluted pct
- approximately 94.5%
- Fully diluted shares after
- 57322855
- Fully diluted shares before
- 29465714
- Issuance vs outstanding pct
- approximately 147.4%
- Shares currently outstanding
- 18893048
- Total shares issued and issuable
- 27857141
AI analysis
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