MAG Silver Announces Closing of $60 Million Private Placement [Canadian Business Journal (Canada)]
MAG Silver Corporation Ordinary Shares (MAG)
Last mag silver corporation ordinary shares earnings: 11/8 06:37 am
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Source: Canadian Business Journal
VANCOUVER, British Columbia, April 30, 2020 (GLOBE NEWSWIRE) —MAG Silver Corp.(TSX / NYSE American: MAG) (“MAG”)MAG intends to use the net proceeds of the Offering to fund exploration and development of the Juanicipio Project and for working capital and general corporate purposes.The securities issued pursuant to the Offering will be subject to a hold period under applicable Canadian securities laws, which will expire four months plus one day from the date of closing of the Offering. A finders’ fee is payable in connection with the Offering to a group of financial advisors led by Clarus Securities Inc.“We thank Mr. Sprott for his support,” said George Paspalas, President and CEO of MAG. “His investment gives us considerable funding flexibility moving forward and positions us well as we continue advancing the surface construction and bring the underground mine into commercial production.”The securities to be issued under the Offering have not been, and will not be, registered under the
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