By Laura Lutz
Washington, Nov. 28 - First Majestic Silver Corp. closed an oversubscribed private placement of units for C$15,945,300.
The company sold 4,429,250 units of one share and one half-share non-transferable warrant at C$3.60 per unit. Each whole warrant is exercisable at C$4.25 for two years.
Proceeds of the non-brokered offering will be used working capital and work on the company's silver mines.
The deal priced on Nov. 14 as a C$14.4 million offering of 4 million units.
First Majestic is a silver mining company based in Vancouver, B.C.
| Issuer: | First Majestic Silver Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$15,945,300
|
| Units: | 4,429,250
|
| Price: | C$3.60
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$4.25
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 28
|
| Stock symbol: | TSX Venture: FR
|
| Stock price: | C$3.56 at close Nov. 13
|
| Stock price: | C$4.45 at close Nov. 27
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
