By Sheri Kasprzak
New York, March 23 - First Majestic Resource Corp. has orchestrated a C$20 million private placement.
The offering includes 5 million special warrants at C$4.00 each.
The special warrants are exchangeable on a one-for-one basis for common shares once a prospectus covering the underlying shares is declared effective.
A syndicate of underwriters led by Sprott Securities Inc. has a greenshoe for up to 2 million special warrants.
The deal is scheduled to close April 13.
Toronto-based First Majestic is a silver development and acquisition company.
| Issuer: | First Majestic Resource Corp.
|
| Issue: | Special warrants
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| Amount: | C$20 million
|
| Special warrants: | 5 million
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| Greenshoe: | For 2 million special warrants
|
| Price: | C$4.00
|
| Warrants: | No
|
| Underwriters: | Sprott Securities Inc. (lead)
|
| Pricing date: | March 23
|
| Settlement date: | April 13
|
| Stock symbol: | TSX Venture: FR
|
| Stock price: | C$4.25 at close March 23
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