11:20 AM EDT, 06/18/2025 (MT Newswires) -- Aya Gold & Silver ( AYASF ) on Friday said it has closed its upsized underwritten public offering of shares that raised $143.75 million.

The company sold shares priced at $13.35 each, raising $143.75 million, including the full exercise of the over-allotment option, in the financing.

Proceeds will be used to advance the exploration program at Boumadine and Zgounder Regional projects in Morocco.

"With the closing of this financing and the full exercise of the over-allotment option, Aya is now in its strongest liquidity position to date," said Chief Executive Benoit La Salle. "This capital gives us the flexibility to fully unlock the value of our Boumadine project, while continuing to deliver strong operational performance at Zgounder, maximize cash flow, and deliver long-term value for all shareholders."

The company's shares were last seen down $0.20 to $13.23 on the Toronto Stock Exchange.

Price: 13.24, Change: -0.19, Percent Change: -1.41