Guanajuato Silver Launches At-the-Market Equity Program

Guanajuato Silver Company Ltd. (GSilver), a Mexican precious metals producer, announced the initiation of an at-the-market (ATM) equity program. This initiative is facilitated through an equity distribution agreement with Research Capital Corporation. Under the program, GSilver may issue up to C$7.5 million of common shares to the public, distributed based on market prices at the time of sale.

Proceeds from these sales are intended to advance GSilver's business objectives, such as funding operations, capital programs, and potential acquisitions. The distribution is managed through the TSX Venture Exchange, with no obligation for GSilver to sell shares under the agreement, which will conclude upon reaching the C$7.5 million threshold.

GSilver will compensate the agent a 2.5% commission from each sale and reimburse specified expenses. This program is in line with GSilver’s effort to support its rapidly growing operations in Mexico’s mining sector.