Americas Gold and Silver Corporation announced a private placement on ?best efforts? basis to issue up to 21,667,000 units of the company at a price of CAD 0.30 per unit for the gross proceeds of CAD 6,500,100 on March 20, 2024. Each unit will be comprised of one common share of the company and one common share purchase warrant of the company. Each warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of CAD 0.40 per warrant share for a period of 36 months following the closing of the offering. The transaction is expected to close on or about March 27, 2024, or such other date as the company and the agent may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the conditional listing approval of the Toronto Stock Exchange and the NYSE American LLC.

On same day, company announced it will now issue up to 25,000,000 units of the Company at a price of CAD 0.30 per Unit for aggregate gross proceeds of up to CAD 7,500,000. In addition, the Company and Eight Capital have agreed that Eight Capital shall be granted an option to sell an additional 1,000,000 Units for additional gross proceeds of up to CAD 300,000.