United States Antimony Corporation Announces $10.7 Million Registered Direct Offering

Feb 01, 2021

THOMPSON FALLS, MT / ACCESSWIRE / February 1, 2021 / United States Antimony Corporation (NYSE AMERICAN:UAMY), today announced that it has entered into a securities purchase agreement with certain institutional investors, providing for the purchase and sale of 15,300,000 shares of common stock at a price of $0.70 per share in a registered direct offering, resulting in total gross proceeds of approximately $10.7 million, before deducting the placement agents' fees and other estimated offering expenses. The Company also agreed to issue to the investors unregistered warrants to purchase up to 7,650,000 shares of common stock in a concurrent private placement. The warrants have an exercise price of $0.85 per share of common stock, will be exercisable six months from the date of issuance and will expire five and one-half years following the initial date of issuance.

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