Americas Gold & Silver Corp 6-K, filed Jan 15, 2020
Americas Gold & Silver Corp (USAS)
About this 6-K
Americas Gold & Silver Corp filed this 6-K on January 15, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OFFOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2020
Commission File Number 001-37982
AMERICAS GOLD AND SILVER CORPORATION
(Translation of registrant’s name into English)
145 KingStreet West, Suite 2870
Toronto, Ontario, Canada
M5H 1J8
(Address ofprincipal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| AMERICAS GOLD AND SILVER CORPORATION | ||
|---|---|---|
| /s/ Peter McRae | ||
| Date: January 15, 2020 | Peter McRae | |
| Chief Legal Officer and Senior Vice President Corporate Affairs |
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INDEX TO EXHIBITS
| 99.1 | Material Change Report dated July 30, 2019 |
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EX-99.1
Exhibit 99.1
FORM 51-102F3
MATERIAL CHANGE REPORT
| ITEM 1: | NAME AND ADDRESS OF COMPANY |
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Americas Silver Corporation (“Americas Silver” or the “Company”)
145 King Street West, Suite 2870
Toronto, Ontario, M5H 1J8
| ITEM 2: | DATE OF MATERIAL CHANGE |
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July 26, 2019.
| ITEM 3: | NEWS RELEASE |
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A news release with respect to the material change referred to in this report was issued by Americas Silver via newswire services and filed on SEDAR on July 26, 2019.
| ITEM 4: | SUMMARY OF MATERIAL CHANGE |
|---|
On July 26, 2019, Americas Silver announced that it had completed its previously announced non-brokered private placement offering of 3,955,454 common shares of the Company (the “Common Shares”) to Mr. Eric Sprott at a price of C$3.30 per Common Share for gross proceeds to the Company of US$10 million (approximately C$13.05 million) (the “Private Placement”).
| ITEM 5: | FULL DESCRIPTION OF MATERIAL CHANGE |
|---|
On July 26, 2019, Americas Silver announced that it had completed its previously announced non-brokered private placement offering of 3,955,454 Common Shares to Mr. Eric Sprott at a price of C$3.30 per Common Share for gross proceeds to the Company of US$10 million (approximately C$13.05 million).
The Company intends to use the net proceeds of the Private Placement to satisfy the equity financing condition of its existing loan facility from Sandstorm Gold Ltd., as well as ongoing San Felipe option payments and general working capital purposes.
Any securities issued in connection with the Private Placement are subject to a hold period under applicable Canadian securities laws, which will expire four months plus one day from the date of closing of the Private Placement.
| ITEM 6: | RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102 |
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Not applicable.
| ITEM 7: | OMITTED INFORMATION |
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Not applicable.
| ITEM 8: | EXECUTIVE OFFICER |
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For further information, please contact:
Darren Blasutti
President and Chief Executive Officer
416-848-9503
| ITEM 9: | DATE OF REPORT |
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This material change report is dated July 30, 2019.