United States Antimony Corp. (OTCBB: UAMY) today announced it has executed definitive agreements with institutional and accredited investors for gross proceeds of $2,205,000 in connection with the Company’s private placement of common stock and warrants.
The transaction involves the sale of 1,102,500 newly-issued shares of the Company’s common stock at the price of $2.00 per share and warrants to purchase an additional 1,102,500 shares of the Company’s common stock at $2.50 per share.
The transaction will close pending satisfaction of certain closing procedures. Proceeds from this financing will be used for capacity expansion purposes.
Global Hunter Securities LLC acted as the sole placement agent in the transaction. Stoel Rives LLP served as legal advisor to United States Antimony Corp. in the transaction.This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities. For additional information, please refer to UAMY’s current report on Form 8-K to be filed with the Securities and Exchange Commission in conjunction to this transaction. About United States Antimony Corp. United States Antimony Corporation has produced various antimony, silver, and gold products since 1969. UAMY mines antimony from its own properties in Mexico and receives other raw materials from non-Chinese sources throughout the world. The Company is fully integrated, including mining, transportation, milling, smelting, and sales. UAMY operates the only significant antimony mining smelter in the United States. For more information about United States Antimony Corp. please visit UAMY’s corporate website at http://www.usantimony.com. Forward Looking Statements This release contains forward-looking information relating to UAMY’s plans, expectations, and intentions. Actual results may be materially different from expectations as a result of known and unknown risks, including the risks set forth in UAMY’s filings with the Securities and Exchange Commission. UAMY cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. UAMY expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in UAMY’s expectations or any change in events, conditions or circumstance on which any such statement is based.
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