TORONTO, ONTARIO--(Marketwired - June 9, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
Americas Silver Corporation (TSX:USA)(OTCQX:USAPF) (the "Company") is pleased to announce that, further to its press release
on May 20, 2016, it has closed the private placement of approximately 67 million units (the "Units") at a price of C$0.30 per
Unit, for total gross proceeds of approximately C$20 million (the "Offering"). A concurrent private placement of
subscription receipts announced May 24, 2016 (the "Concurrent Offering") with additional gross proceeds of up to C$11.5 million
is expected to close on or about Tuesday June 14, 2016. The proceeds of the Concurrent Offering will be held in escrow
pending satisfaction of release conditions including shareholder approval.
Each Unit consists of one common share of the Company (each a "Common Share") and one quarter of one Common Share purchase
warrant of the Company (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common
Share (each, a "Warrant Share") at an exercise price of C$0.39 per Warrant Share for a period of 5 years following the closing
date of the Offering.
The Offering was co-led by GMP Securities L.P. and Medalist Capital Ltd., on behalf of a syndicate of agents including Cormark
Securities Inc. and Mackie Research Capital Corporation.
The net proceeds of the Offering are expected to be used by the Company for capital programs at the Galena Complex and San
Rafael Property, debt repayment, working capital and general corporate purposes.
All securities issued in the Offering are subject to a statutory four month hold period.
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in
compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant
to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any
jurisdiction.
About Americas Silver Corporation
The Company is a silver mining company focused on growth in precious metals from its existing asset base and execution of
targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Complex in
Idaho, USA.
For further information please see SEDAR or www.americassilvercorp.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward‐looking information" within the meaning of applicable securities laws. Forward‐looking
information includes, but is not limited to, the closing of the Concurrent Offering and the use of proceeds of the Offering, the
Company's expectations intentions, plans, assumptions and beliefs with respect to, among other things, the San Rafael
prefeasibility study, estimates of mineral reserves and resources, realization of mineral reserve estimates, the Cosalá
Operations and Galena Complex as well as the Company's financing efforts. Often, but not always, forward‐looking information can
be identified by forward‐looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "estimate", "may",
"assume" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions,
intentions, or statements about future events or performance. Forward‐looking information is based on the opinions and estimates
of the Company as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other
factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially
different from those expressed or implied by such forward-looking information. This includes the ability to develop and operate
the Cosalá and Galena properties, risks associated with the mining industry such as economic factors (including future commodity
prices, currency fluctuations and energy prices), failure of plant, equipment, processes and transportation services to operate
as anticipated, environmental risks (including ground conditions), government regulation, actual results of current exploration
activities, possible variations in ore grade or recovery rates, permitting timelines, capital expenditures, reclamation
activities, social and political developments and other risks of the mining industry. Although the Company has attempted to
identify important factors that could cause actual results to differ materially from those contained in forward‐looking
information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are
cautioned not to place undue reliance on such information. By its nature, forward‐looking information involves numerous
assumptions, inherent risks and uncertainties, both general and specific that contribute to the possibility that the predictions,
forecasts, and projections of various future events will not occur. The Company undertakes no obligation to update publicly or
otherwise revise any forward‐looking information whether as a result of new information, future events or other such factors
which affect this information, except as required by law.