MAG Silver Announces US$4 Million Upsizing of Private Placement to US$48 Million

http://www.magsilver.com/s/NewsReleases.asp?ReportID=807968

VANCOUVER, British Columbia MAG Silver Corp. (TSX and NYSE AMERICAN: MAG) (“MAG”) is pleased to announce that the Company is increasing its previously announced non-brokered private placement, from total gross proceeds of up to US$44,000,000 to total gross proceeds of US$48,158,241 (the “Offering”). The Offering will now consist of 4,599,641 common shares (the “Common Shares”) at a price of US$10.47 per Common Share.

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.

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