GOLDEN, Colo., April 20, 2020 (GLOBE NEWSWIRE) — Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) today announced it has entered into definitive agreements with several resource interested institutional investors for the purchase and sale of 15,000,000 shares of the Company’s common stock, par value $0.01 per share, pursuant to a registered direct offering. The Company has also agreed to issue to those investors unregistered common stock purchase warrants to purchase 11,250,000 shares of the Company’s common stock. The warrants will be exercisable on the six-month anniversary of issuance and will have a five-year term from their initial date of exercise and an exercise price of $0.30 per share. The gross proceeds of the offering will be approximately $3.0 million before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for working capital and for other general corporate purposes, including continuing to advance its Rodeo and Velardeña properties in Durango, Mexico. The closing of the registered direct offering is expected to take place on or about April 22, 2020, subject to the satisfaction of customary closing conditions.