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Golden Minerals closes US$8.2 million offering

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Golden Minerals Company

On September 10, 2014, Golden Minerals Company (“Golden Minerals” or the “Company”) announced that it had closed its previously announced underwritten and agency offering of 3,692,000 units (“Units”) at a price of US$0.86 per Unit. Each Unit is comprised of one share of common stock of the Company and a five year warrant to acquire one half of a share of common stock of the Company at an exercise price of US$1.21 per share. Roth Capital Partners acted as sole book-running manager and H.C. Wainwright & Co., LLC acted as co-manager for the offering. The Company also closed its previously announced non-brokered private placement with The Sentient Group, the Company’s largest stockholder, pursuant to which The Sentient Group purchased at total of 5,800,000 Units at a price of US$0.86 per Unit. The aggregate gross proceeds to Golden Minerals from the sale of the Units under the underwritten and agency offering and the private placement was approximately US$8.2 million. Golden Minerals was advised in these transactions by Fasken Martineau with a team comprised of John Sabetti and Alex Nikolic (corporate/securities).



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