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).