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Re: News Releases - Thursday, August 20, 2009
First Tranche of Non-Brokered Private Placement Closes
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First Majestic Silver Corp. (the "Company") is pleased to announce the
closing of the first tranche of the non-brokered private placement (the
"Offering") consisting of 3,499,000 units (a "Unit") at a price of
CDN$2.30 per Unit for gross proceeds of CDN$8,047,700. Each Unit
consists of one common share and one-half of one common share purchase
warrant (a "Warrant"), with each full Warrant entitling the holder to
purchase one additional common share of the Company (the "Warrant
Share") at an exercise price of CDN$3.30 per Warrant Share for a period
of two years after the closing of the Offering. A finder's fee in the
amount of $101,016 cash and 50,000 Finders Warrants are payable in
respect to a portion of this private placement. The Finders Warrants
are subject to the same terms and conditions as those issued to the
subscribers. It is anticipated that the balance of the private
placement announced on August 12, 2009 will close on or before
September 25, 2009.
The Company plans to use the net proceeds of the Offering as general
working capital in respect to its three operating silver mines; the La
Encantada Silver Mine, La Parrilla Silver Mine, and the San Martin
Silver Mine, all located in Mexico.
The Company is also pleased to announced that it has settled certain
current liabilities amounting to $822,053 by the issuance of 357,414
common shares of the Company at a deemed price of CDN$2.30 per common
share.
First Majestic is a producing silver company focused in Mexico and is
aggressively pursuing its business plan to become a senior silver
producer through the development of its existing assets and the pursuit
through acquisition of additional assets that contribute to achieving
its significant corporate growth objectives.
FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our
website at www.firstmajestic.com or call our toll free number
1.866.529.2807.
FIRST MAJESTIC SILVER CORP.
"signed"
Keith Neumeyer,
President & CEO
This press release includes certain "Forward-Looking Statements" within
the meaning of section 21E of the United States Securities Exchange Act
of 1934, as amended. All statements, other than statements of
historical fact, included herein, including without limitation,
statements regarding potential mineralization and reserves, exploration
results and future plans and objectives of First Majestic Silver Corp.
are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.
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Copyright (c) 2009 FIRST MAJESTIC SILVER CORP. (TSXV-FR) All rights
reserved. For more information visit our website at
http://www.firstmajestic.com/ or send mailto:investor@firstmajestic.com
Message sent on Thu Aug 20, 2009 at 10:06:30 AM Pacific Time
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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : FR.TO |
ISIN : CA32076R1029 |
CUSIP : 32076R1029 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
First Majestic est une société de production minière d'argent basée au Canada. First Majestic est productrice d'argent, d'or, de plomb et de zinc au Mexique, et détient divers projets d'exploration au Canada et au Mexique. Ses principaux projets en production sont LA PARRILLA SILVER MINE, LA ENCANTADA (FIRST MAJESTIC SILVER), SAN MARTIN et LA ENCANTADA SILVER MINE au Mexique et ses principaux projets en exploration sont REAL DE CATORCE, DEL TORO et CUITABOCA au Mexique et PITT ISLAND, PINCOURT, DOMPIERRE et DESJARDINS au Canada. First Majestic est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 465,4 millions (340,6 millions US$, 313,9 millions €). La valeur de son action a atteint son plus bas niveau récent le 02 novembre 2001 à 0,01 , et son plus haut niveau récent le 17 mai 2024 à 9,99 . First Majestic possède 47 442 200 actions en circulation. |