Gold Resource to sell 15.625M shares at 16c in registered direct offering

Gold Resource (GORO) announces that it is pursuing a registered direct offering with certain investors for the purchase and sale of up to 15,625,000 shares of the company’s common stock at a price of 16c per share, resulting in estimated total gross proceeds of approximately $2.5M. The closing of the sale of the shares is expected to take place within the next 10 days, subject to the satisfaction of customary closing conditions. The shares were offered and will be sold by the company pursuant to a “shelf” registration statement on Form S-3, including an accompanying prospectus, declared effective by the the SEC on June 9, 2023.