MAG Silver Announces a $60 Million Private Placement

MagSilver

Vancouver, B.C. MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”) MAG is pleased to announce that it has arranged a non-brokered private placement with Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially controlled by him, offering 4,528,302 common shares of MAG (the “Common Shares”) at a price of C$13.25 per Common Share for gross proceeds of C$60,000,002 (the “Offering”).

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