First Majestic Launches Offering of Convertible Senior Notes

First Majestic_240118

VANCOUVER, British Columbia, Jan. 24, 2018 (GLOBE NEWSWIRE) — First Majestic Silver Corp. (TSX:FR) (NYSE:AG) (Frankfurt:FMV) (“First Majestic” or the “Company”) announced today that it is offering US$150 million aggregate principal amount of unsecured convertible senior notes due 2023 (the “Notes”) pursuant to private placement exemptions (the “Offering”). The Company intends to use the net proceeds of the Offering to fund certain costs and expenses associated with the recently announced acquisition of Primero Mining Corp. (“Primero”) and for general corporate purposes and, if the acquisition is not consummated, for general corporate purposes. If the acquisition of Primero is not completed, the Company expects that the terms of the Notes will permit the Company, at its option, to redeem the Notes.

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