Date Closed

February 14, 2024

Lead Office

Québec City

Value

77.60 Million CAD

On February 14, 2024, Aya Gold & Silver completed an offering of 7,573,900 common shares in the capital of the Corporation (the "Shares"), at a price of C$10.25 per Share for gross proceeds of approximately C$77,600,000 (the "Offering"). In connection with the Offering, the Underwriters exercised their over-allotment option in full where an additional 987,900 Shares were purchased for aggregate gross proceeds of approximately C$10,125,000.

Eight Capital acted as sole Bookrunner, along with National Bank Financial Inc. as co-lead underwriters, with a syndicate of underwriters comprised of Desjardins Securities Inc., Raymond James Ltd., SCP Resource Finance LP, Canaccord Genuity Corp. & Cormark Securities Inc. (the "Underwriters").

McCarthy Tétrault advised the Underwriters with a team led by Charles-Antoine Soulière that included Farhiyah Shariff and Asma Boudoukha (Business), Christian Meighen, Joannie Marcoux (Tax) and Yassine Khadir (Articling Student).