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Sabina Gold & Silver Corp. Announces C$35 Million Bought Deal Financing


VANCOUVER, British Columbia, March 09, 2021 (GLOBE NEWSWIRE) Sabina Gold & Silver Corp. (SBB.T/SGSVF.OTCQX), (“
Sabina” or the “
Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets, under which the underwriters have agreed to buy on a bought deal basis 18,000,000 common shares (the “Common Shares”) at a price of C$1.95 per Common Share for gross proceeds of approximately C$35 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of Common Shares issued to cover over-allotments, if any. The Offering is expected to close on or about March 16, 2021 and is subject to Sabina receiving all necessary regulatory approvals. ....

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