Golden Minerals Announces Closing Of Equity Financing
GOLDEN, Colo., Sept. 10, 2014 /CNW/ -- Golden Minerals Company (NYSE MKT: AUMN) (TSX: AUM) ("Golden Minerals" or the "Company") announced today that it has closed its previously announced underwritten offering of 3,692,000 units, each comprised of one share of its common stock and a five-year warrant to acquire one half of a share of its common stock at an exercise price of US$1.21 per share, at a unit price of US$0.86, before underwriting discounts.
Roth Capital Partners acted as the sole book-running manager for the offering, and H.C. Wainwright & Co., LLC acted as co-manager for the offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
The Company has also closed its previously announced private placement with The Sentient Group ("Sentient"), the Company's largest stockholder, pursuant to which Sentient has purchased, in a private offering pursuant to Regulation S under the U.S. Securities Act of 1933, as amended, a total of 5,800,000 units, each comprised of one share of common stock and a five-year warrant to acquire one half of a share of common stock at an exercise price of US$1.21 per share, at a unit price of US$0.86, the same price paid by Roth Capital Partners and H.C. Wainwright & Co., LLC in the underwritten offering.
The aggregate net proceeds to Golden Minerals from the sale of the shares in the offering and the private placements was approximately $7.7 million after deducting discounts and commissions and before expenses.
About Golden Minerals
Golden Minerals is a Delaware corporation based in Golden, Colorado. The Company is a mining and exploration company with properties in Argentina and Mexico.
For additional information please visit http://www.goldenminerals.com/ or contact:
Golden Minerals Company
Karen Winkler
Director of Investor Relations
303-839-5060
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SOURCE Golden Minerals Company
