REG - Guanajuato Silver Co - US-based institutional fund acquires new holding

Guanajuato SilverAnnouncement

08/03/2023 13:15

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RNS Number : 3287S  Guanajuato Silver Company Ltd.  08 March 2023

 

 
 

 

08 March 2023

 

 

Guanajuato Silver Company Ltd

("Guanajuato Silver" or the "Company")

 

Guanajuato Silver welcomes US-based institutional fund as new shareholder

March 08, 2023 - Vancouver, British Columbia - Guanajuato Silver Company Ltd.
(the "Company" or "GSilver") (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) is pleased
to announce that a leading US-based institutional investor has acquired a
significant equity position in the company through the purchase of
 approximately  24,000,000 common shares representing the majority of the
equity position previously held by Great Panther Mining Ltd. ("Great
Panther"); the remaining Great Panther equity position was purchased by other
investors. The Great Panther shares were sold by a trustee appointed to
represent the interests of the Great Panther stakeholders.

James Anderson, Chairman and CEO, expressed his enthusiasm for this
transaction saying, "The addition of this new strategic investor is a major
endorsement for the quality of our projects, our vision for the future, and
the ability of our management team to execute. The sale of this large share
block to a significant long-term shareholder strengthens our capital structure
as we look to further advance our production profile in Mexico."

 

About Guanajuato Silver

GSilver is a precious metals producer engaged in reactivating past producing
silver and gold mines in central Mexico. The Company produces silver and gold
concentrates from the El Cubo Mine, Valenciana Mines Complex, and the San
Ignacio mine; all three mines are located within the state of Guanajuato,
which has an established 480-year mining history. Additionally, the Company
produces silver, gold, lead, and zinc concentrates from the Topia mine in
northwestern Durango. With four operating mines and three processing
facilities, Guanajuato Silver is one of the fastest growing silver producers
in Mexico.

 

 

 

For further information regarding Guanajuato Silver Company Ltd., please
contact:

 

JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433

E: jjj@GSilver.com

Gsilver.com

 

VSA Capital - AQSE Corporate Adviser

T: +44 (0) 20 3005 5000

Simon Barton - Corporate Finance

Thomas Jackson - Corporate Finance

Andrew Monk - Corporate Broking

David Scriven - Corporate Broking

 

 

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