Americas Gold and Silver (TSE:USA) has released an update.
Americas Gold and Silver Corporation has completed its upsized private placement of subscription receipts, raising C$50 million to fund growth initiatives and other corporate purposes. The company plans to use these proceeds for the acquisition of the remaining interest in the Galena Complex and other financial obligations. This move is anticipated to bolster the company’s expansion efforts and financial stability as it awaits final approvals for the acquisition.
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