Golden Minerals Company (NYSE:MKT: AUMN) (“Golden Minerals”, the “Company” or “we”) has entered into an At-the-Market Offering Agreement dated December 20, 2016 (the “ATM Agreement”) with H.C. Wainwright & Co., LLC (“Wainwright”) as sales manager. Under the terms of the ATM Agreement, the Company will be entitled to sell, at its discretion and from time to time, shares of its common stock through Wainwright, with such sales having an aggregate gross sales price of up to US$5.0 million (the “Offering”).
The Sales Agreement will remain in full force and effect until the earlier of December 31, 2018, or the date that the Sales Agreement is terminated in accordance with the terms therein. Sales of the Company’s common stock will be made through “at the market distributions” directly on the NYSE MKT LLC (the “NYSE MKT “) or on any other existing trading market in the United States. Under the Offering, no offers or sales of common stock will be made in Canada, including through the Toronto Stock Exchange (the “TSX”) or other trading markets in Canada. The common stock will be distributed at the market prices prevailing at the time of sale. As a result, prices of the common stock sold under the Offering may vary as between purchasers and during the period of distribution.