Americas Gold and Silver Announces Agreement with Sprott Mining Inc. to Terminate Silver Delivery Agreement
Americas Gold and Silver terminated its Silver Delivery Agreement with Sprott Mining Inc., removing over $45 million in variable future debt obligations. The termination was settled by issuing 7,956,696 common shares to Sprott Mining at a deemed price of US$5.57 per share, covering the remaining 592,000 ounces of silver.
Key figures
- Shares issued
- 7956696
- Debt eliminated usd
- 45000000
- Deemed price per share
- 5.57
- Silver ounces terminated
- 592000
AI analysis
Red flags2 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.