MAG Silver Announces 19.9% Interest in Reyna Silver Corp. (formerly Century Metals Inc.)

MAG Silver_08062020

VANCOUVER, British Columbia, June 05, 2020 (GLOBE NEWSWIRE) — MAG Silver Corp. (“MAG”) announces that, pursuant to a transaction (the “Transaction”) among Reyna Silver Corp. (formerly named Century Metals Inc.) (the “Issuer”), Reyna Silver Mining Inc. (formerly named Reyna Silver Corp.) (the “Target”) and a wholly owned subsidiary of the Issuer (“Subco”), MAG has acquired, in exchange for its existing preferred shares of the Target and for no additional consideration, 14,556,706 common shares of the Issuer (“Company Shares”) together with certain contractual rights of participation in future issuances of Company Shares (the “Participation Rights”). The preferred shares of the Target were previously issued to MAG in connection with the sale by MAG of certain non-core assets.

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