SUBSCRIPTION RECEIPT AGREEMENT among AMERICAS GOLD AND SILVER CORPORATION - and - CORMARK SECURITIES INC. - and - COMPUTERSHARE TRUST COMPANY OF CANADA Providing for the Issue of Subscription Receipts Dated as of October 30, 2024Subscription Receipt Agreement • October 30th, 2024 • Americas Gold & Silver Corp • Metal mining • Ontario
WHEREAS the Corporation is proposing to issue and sell Subscription Receipts (as defined herein), each Subscription Receipt representing the right to receive one Underlying Common Share (as defined herein) (subject to any applicable adjustments);
UNDERWRITING AGREEMENTUnderwriting Agreement • October 30th, 2024 • Americas Gold & Silver Corp • Metal mining • Ontario
Cormark Securities Inc. (“Cormark”) and TD Securities Inc. (“TD”, and together with Cormark, the “Joint Bookrunners”), and Desjardins Securities Inc., Haywood Securities Inc., Canaccord Genuity Corp., and Eight Capital (together with the Joint Bookrunners, the “Underwriters”), understand that Americas Gold and Silver Corporation (the “Company”) intends to create, issue and sell 112,500,000 subscription receipts of the Company (each, a “Subscription Receipt”, and together, the “Subscription Receipts”), without giving effect to the Underwriters’ Option (as defined below), having the terms described herein, at a price of $0.40 (the “Offering Price”) per Subscription Receipt, for aggregate gross proceeds to the Company of $45,000,000 (the “Offering”).
