SEC
Fortuna Provides Update on Regulatory Review
https://www.fortunasilver.com/investors/news/2017/fortuna-provides-update-on-regulatory-review/
Vancouver, April 17, 2017: Fortuna Silver Mines Inc. (“Fortuna” or the “Company”) (NYSE: FSM) (TSX: FVI) today provided an update on the ongoing regulatory review of the Company’s 2015 annual filings by the United States Securities and Exchange Commission (the “SEC”).
As previously announced, Fortuna is delayed in filing its annual audited financial statements and related MD&A for the years ended December 31, 2016 and 2015, the related Chief Executive Officer and Chief Financial Officer certificates, and its annual information form for the year ended December 31, 2016 (collectively, the “Annual Financial Documents”) due to an ongoing review by the SEC on the Company’s use of inferred resources for the calculation of depletion expenses in its audited financial statements contained in the Annual Report on Form 40-F for the year ended December 31, 2015 (the “SEC Comments”). In connection with the delayed filing of the Annual Financial Documents, the Company applied for and received management cease trade order (“MCTO”) from the British Columbia Securities Commission and other Canadian provincial securities regulatory authorities (collectively, the “Securities Regulators”). The MCTO prohibits certain executive officers of the Company from trading in securities of the Company until the Company completes the required filing of the Annual Financial Documents.
MAG Silver Files Preliminary Base Shelf Prospectus
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 23, 2015) – MAG Silver Corp. (TSX:MAG) (NYSE MKT:MVG) (“MAG” or the “Company”), today announced that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Canada, except Quebec. The base shelf prospectus will allow MAG to offer up to US$75,000,000 of common shares, preferred shares, debt securities, subscription receipts, units and warrants from time to time over a 25-month period after Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus.