Americas Silver Corporation (TSX:USA) (OTCQX:USAPF) (the “Company”) is pleased to announce that, further to its press releases on May 24, 2016 and June 9, 2016, it has closed the concurrent private placement of 38,525,000 subscription receipts (the “Subscription Receipts”) at a price of C$0.30 per Subscription Receipt, for total gross proceeds of approximately C$11.6 million (the “Offering”). The additional proceeds from the Offering will be used to address the equity component of the overall financing package for San Rafael, with the remaining funding subject to advanced discussions with potential lenders and offtakers.