Golden Minerals closes C$5M private placement; TSX places it under 120-day delisting review

Golden Minerals Co

Golden Minerals sold 17,857,143 units at C$0.28 per unit for gross proceeds of C$5,000,000, with each unit including one share and one-half warrant.
Warrants are exercisable at C$0.45 for 24 months and subject to acceleration if VWAP exceeds C$0.90 for 10 consecutive trading days.
Haywood Securities received C$289,800 cash and 1,035,000 finder's warrants, each exercisable at C$0.45 for 24 months.
TSX placed Golden Minerals under a 120-day delisting review and scheduled a March 3, 2027 Continued Listing Committee meeting; the company may seek a TSXV listing.
Net proceeds will fund Desierto drilling and the July 2027 option payment, reduce liabilities, and cover expenditures through the end of 2027.

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