Exchange Bulletin

Gatos Silver, Inc. (GATO) To Trade On Toronto Stock Exchange

October 26, 2020
Issuer: Gatos Silver, Inc. (the "Company")
Security: Shares of common stock ("Common Shares")
Symbol: GATO
Transaction: An application has been conditionally approved by Toronto Stock Exchange ("TSX") for the listing of Common Shares of the Company, subject to completion of a proposed initial public offering (the "Offering") of these securities as described in the Company's Fourth Amended and Restated Preliminary Base PREP Prospectus dated October 21, 2020 (the "Prospectus"). It is anticipated that, in the next few days, the Company will file a final base PREP prospectus and a supplemented PREP prospectus for its offering of Common Shares.
As soon as possible after the final base PREP prospectus is cleared by the relevant securities regulatory authorities and a supplemented PREP prospectus is filed, TSX will post the Common Shares for trading on an "if, as and when issued" basis under the trading information set out below. Before the Common Shares are posted for trading on such basis, TSX will issue a trader note confirming both the pricing and the expected closing date for the Offering. If and when the Offering closes, the Common Shares will be listed on TSX.
Trading currency: CDN $
Temporary market maker: Citadel Securities Canada ULC.
Other markets: New York Stock Exchange
Settlement: Subject to the closing of the Offering: (i) all trades in "GATO" on and before the third trading day preceding the closing date will be for special settlement on the closing date and will appear on the Settlement Report from CDS Clearing and Depository Services Inc. ("CDS"); and (ii) all trades in "GATO" for each of the two trading days preceding the closing date will be for special settlement two business days after the trade date and will appear on the Settlement Report from CDS. If the Offering does not close, all of the "if, as and when issued" trades will be cancelled. No securities will be delivered and no money will be owed by purchasers to sellers.
Parties who are entitled to receive Common Shares under the Offering may sell such securities in the "if, as and when issued" market without being subject to restrictions on short sales. Parties who are not entitled to receive Common Shares under the Offering must comply with the short sale rule in all respects for any sales they make in the "if, as and when issued" market.
If and when the Offering closes, there will be no further trading in "GATO" on an "if, as and when issued" basis and the Common Shares issued at such closing will trade on a regular settlement basis.
Listing category: Mining, Non-Exempt Issuer
Security ownership registration: Non-certificated inventory system administered by CDS.
Investor relations: Adam Dubas
(720) 248-8904
- and -
Tiffany Osburn
(720) 779-3404
Incorporation: The Company was incorporated in Delaware on February 2, 2011.
Fiscal year end: December 31
Nature of business: The Company is a U.S.-based precious metals production, development and exploration company. The Company is currently focused on the production and continued development of the Cerro Los Gatos Mine and the further exploration and development of the Los Gatos District.
Transfer agent and registrar: TSX Trust Company in Canada at its principal office in Toronto and EQ by Equiniti in the United States.
Dividends: The Company does not anticipate paying any dividends for the foreseeable future.
Sponsorship: Waived.
Offering document: The Company' Prospectus which is available at Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial public offering: The Offering of Common Shares will be comprised of 18,750,000 Common Shares at an offering price between US$7.00 and US$9.00 per Common Share (the "Offering Price"), for gross proceeds of approximately US$131,250,000 to US$168,750,000 to the Company.
The Common Shares are being offered in Canada by BMO Nesbitt Burns Inc., Goldman Sachs Canada Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp. and CIBC World Markets Inc. (collectively, the "Canadian Underwriters") and in the United States by BMO Capital Markets Corp., Goldman Sachs & Co. LLC and RBC Capital Markets, LLC, CIBC World Markets Corp. and Canaccord Genuity LLC (together with the Canadian Underwriters, the "Underwriters").
The Company has granted the Underwriters an option (the "Over-Allotment Option") to purchase an additional 2,812,500 Common Shares from the Company at the Offering Price.
TSX contact: Chris Birkett,
Managing Director,
Toronto Stock Exchange