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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States of America, and is re-evaluating the Relief Canyon mine in Nevada, United States of America. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala operations are located in the state of Sinaloa, Mexico and consist of 67 mining concessions that cover approximately 19,385 hectares. The Cosala operations are located in the east-central portion of the state of Sinaloa, Mexico, near the town of Cosala. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility.


TSX:USA - Post by User

Post by jdbuttson Jun 26, 2024 2:54am
153 Views
Post# 36106400

More Dilution Coming!

More Dilution Coming!From the Press Release.

 "The Company’s shareholders also approved the issuance of up to 27,500,000 Common Shares, which is in excess of 25% of the issued and outstanding Common Shares of the Company (as at June 12, 2023), issuable upon the retraction of the Convertible Debentures."

I hate to say "I told you so"; but looks like significant dilution coming.  Oh well, at least it will clear up the balance sheet a bit, as Debentures get "retracted"/turned into equity.

Does anyone know the value (principal and accrued interest) of the Debentures?  Rough math suggests Holders about to get 25% of USAS for this amount, if all converted.
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