MAG Silver Announces Closing of US$48 Million Private Placement

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VANCOUVER, British Columbia MAG Silver Corp. (TSX and NYSE AMERICAN: MAG) (“MAG”) is pleased to report that it has completed its previously announced non-brokered private placement offering of 4,599,641 common shares of MAG (the “Common Shares“) to existing shareholders at a price of US$10.47 per Common Share for gross proceeds of US$48.16 million (the “Offering“).

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