Golden Minerals Announces Proposed Public Offering Of Common Stock And Warrants
GOLDEN, Colo., Sept. 4, 2014 /CNW/ -- Golden Minerals Company (NYSE MKT: AUMN) (TSX: AUM) ("Golden Minerals" or the "Company") today announced that it intends to offer and sell units consisting of shares of its common stock and warrants to purchase its common stock in an underwritten public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Roth Capital Partners is acting as the sole book-running manager for the offering.
Golden Minerals intends to use the net proceeds from the offering for exploration expenditures primarily related to properties in Mexico, and for other working capital requirements and general corporate purposes.
The units described above are being offered by Golden Minerals pursuant to a shelf registration statement on Form S-3, including a base prospectus, previously filed with, and declared effective by, the Securities and Exchange Commission ("SEC"). The units may be offered only by means of a prospectus. A preliminary prospectus supplement relating to the offering has been filed with the SEC and is available on the SEC's website at http://www.sec.gov.
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 registration or qualification under the securities laws of any such state or jurisdiction. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to this offering may be obtained from Roth Capital Partners, 888 San Clemente Drive, Newport Beach, CA 92660, (800) 678-9147 or by accessing the SEC's website, www.sec.gov.
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.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and applicable Canadian securities laws, including statements regarding the proposed public offering and the intended use of proceeds from the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. The forward-looking statements are subject to risks and uncertainties, including whether the proposed offering is completed, whether required approvals are received, disruptions in the financial markets, and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied. Golden Minerals assumes no obligation to update any forward-looking statements. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the SEC and Canadian securities regulatory authorities by Golden Minerals, including the Company's Annual Report on Form 10-K for the year ended December 31, 2013.
For additional information please visit http://www.goldenminerals.com/ or contact:
Golden Minerals Company
Director of Investor Relations
SOURCE Golden Minerals Company