MAG Silver Announces up to US$44 Million Private Placement

http://www.magsilver.com/s/NewsReleases.asp?ReportID=807648

VANCOUVER, British Columbia MAG Silver Corp. (TSX: MAG; NYSE A: MAG) (“MAG”) is pleased to announce that it will undertake with some existing shareholders, a non-brokered private placement offering of up to 4,202,483 common shares of MAG (the “Common Shares“) at a price of US$10.47 per Common Share for maximum gross proceeds of US$43,999,997 (the “Offering“).

MAG intends to use the net proceeds of the Offering to fund exploration and development of the Juanicipio Project and for working capital and general corporate purposes. The Offering is expected to close on or before November 28, 2017, subject to receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange.

Any securities issued pursuant to the Offering will be subject to a hold period under applicable Canadian securities laws, which will expire four months plus one day from the date of closing of the Offering.

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