Provided by Business Wire
Americas Gold and Silver Corporation Announces Issuance of C$12.5 Million Secured Convertible Debenture
Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), a growing North American precious metals producer, announces the issuance of a C$12.5 million senior secured convertible debenture. The convertible debenture bears interest at a rate of 8% per annum, has a maturity date of April 28, 2024 and is repayable by the Company at its option, prior to maturity, subject to the payment of a redemption premium. The debenture is secured by the Company’s interest in the Galena Complex and will be secured by the shares of one of the Company’s Mexican subsidiaries. The principal amount outstanding under the convertible debenture is convertible at any time at the holder’s option, into common shares of Americas Gold and Silver at a conversion price of C$3.35 per share. The proceeds were ra