First Majestic Silver Corp. Announces Closing of C$50 Million Bought Deal Financing; Over-Allotment Option Fully Exercised

Vancouver, British Columbia – First Majestic Silver Corp. (“First Majestic” or the “Company”) has announced today that it has closed the bought deal private placement announced on April 22, 2016 which was co-led by Cormark Securities Inc. and BMO Capital Markets on behalf of a syndicate of underwriters including Desjardins Securities Inc., National Bank Financial Inc. and TD Securities Inc. (the “Underwriters”) and that the over-allotment option granted to the Underwriters was exercised in full.

The Company issued an aggregate of 5,250,900 common shares (the “Common Shares”) at a price of C$10.95 per Common Share for gross proceeds of C$57,497,355 (the “Offering”).

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