Golden Minerals (AUM-T) Sept 10, '14 has closed its previously announced underwritten offering of 3,692,000 units, each comprising one share of its common stock and a five-year warrant to acquire one-half of a share of its common stock at an exercise price of $1.21 (U.S.) per share, at a unit price of 86 U.S. cents, before underwriting discounts.
Roth Capital Partners acted as the sole bookrunning manager for the offering, and H.C. Wainwright & Co., LLC acted as co-manager for the offering.
The company has also closed its previously announced private placement with the Sentient Group, the company's largest stockholder, pursuant to which Sentient has purchased, in a private offering pursuant to Regulation S under the U.S. Securities Act of 1933, as amended, a total of 5.8 million units, each comprising one share of common stock and a five-year warrant to acquire one-half of a share of common stock at an exercise price of $1.21 (U.S.) per share, at a unit price of 86 U.S. cents, the same price paid by Roth Capital Partners and H.C. Wainwright & Co. LLC in the underwritten offering.
The total net proceeds to Golden Minerals from the sale of the shares in the offering and the private placements were approximately $7.7-million after deducting discounts and commissions and before expenses. |
