First Majestic Silver Corp. Announces C$50 Million Bought Deal Financing

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1082-tsx/fr/18887-first-majestic-silver-corp-announces-c-50-million-bought-deal-financing.html

First Majestic Silver Corp. (TSX:FR)(NYSE:AG) (“First Majestic” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by Cormark Securities Inc. and BMO Capital Markets, pursuant to which the underwriters have agreed to purchase 4,566,000 common shares (“Common Shares”) at a price of $10.95 per Common Share of the Company, on a bought deal private placement basis, for aggregate gross proceeds to the Company of approximately C$50 million (the “Offering”).

The Company has also granted the underwriters an option to purchase up to 15% of the number of Common Shares sold pursuant to the Offering, exercisable at any time prior to the Closing Date.

 

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