Sabina Gold & Silver Announces $55 Million Bought Deal Financing Closed - Seite 2

The syndicate of underwriters was led by BMO Capital Markets and RBC Capital Markets, and included Canaccord Genuity Corp., Echelon Wealth Partners Inc., Industrial Alliance Securities Inc., National Bank Financial Inc., Paradigm Capital Inc., Sprott Capital Partners LP., and TD Securities Inc.

Tamesis Partners LLP acted as part of a special selling group related the Offering.

The Securities were offered pursuant to the Company's base shelf prospectus dated May 15, 2020 and a prospectus supplement dated May 21, 2020 filed with securities regulators in each of the provinces and territories of Canada, and the Common Shares may also be offered by way of private placement in the United States.

The Securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Sabina Gold & Silver
Sabina Gold & Silver Corp. is well-financed and is an emerging precious metals company with district scale, advanced, high grade gold assets in one of the world’s newest, politically stable mining jurisdictions: Nunavut, Canada.

Sabina released a Feasibility Study on its 100% owned Back River Gold Project which presents a project that has been designed on a fit-for purpose basis, with the potential to produce ~200,000 ounces a year for ~11 years with a rapid payback of 2.9 years (see “Technical Report for the Initial Project Feasibility Study on the Back River Gold Property, Nunavut, Canada” dated October 28, 2015).

The Project received its final Project Certificate on December 19, 2017. The Project received its Type A Water License on November 14, 2018 and is now in receipt of all major authorizations for construction and operations.

In addition to Back River, Sabina also owns a significant silver royalty on Glencore’s Hackett River Project. The silver royalty on Hackett River’s silver production is comprised of 22.5% of the first 190 million ounces produced and 12.5% of all silver produced thereafter.

With the net proceeds of this financing (including Zhaojin participation), the Company expects to have approximately $80 million in cash, cash equivalents and short-term investments.