MAG Silver Corp. (TSX / NYSE American: MAG)
(“MAG”, or the “
Company”) today announced
that it has filed a preliminary short form base shelf prospectus
(the “
Preliminary Shelf Prospectus”) with the
securities commissions in all of the provinces and territories of
Canada. A corresponding registration statement on Form F-10 will be
filed with the United States Securities and Exchange Commission
(the “
SEC”) under the United States Securities Act
of 1933, as amended and the U.S./Canada Multijurisdictional
Disclosure System (the “
Registration Statement”)
at the time of filing of the final short form base shelf prospectus
(the “
Final Shelf Prospectus” and, together with
the Preliminary Shelf Prospectus, the
“
Prospectus”).
Upon the issuance of a receipt for the Final
Shelf Prospectus and the filing of the Registration Statement with
the SEC, the Company will be permitted to offer up to U.S.$250
million of common shares, preferred shares, debt securities,
subscription receipts, units and warrants or any combination
thereof (collectively, the “Securities”) during
the 25-month period that the Prospectus is effective. The specific
terms of any offering of Securities, including the use of proceeds
from any offering, will be set forth in a shelf prospectus
supplement.
Securities may be offered under the Prospectus
(and corresponding Registration Statement) separately or together,
in amounts, at prices and on terms to be determined based on market
conditions at the time of sale and as set forth in an applicable
prospectus supplement. No Securities may be sold, nor may offers to
buy be accepted, prior to the time a receipt for the Final Shelf
Prospectus has been issued and the Registration Statement has been
filed with the SEC.
Copies of the Preliminary Shelf Prospectus may
be obtained on request without charge from the Company at 770 – 800
West Pender Street, Vancouver, British Columbia, Canada V6C 2V6,
telephone (604) 630-1399 and can be found under the Company’s
SEDAR+ profile at www.sedarplus.com. Once filed, a copy of the
Registration Statement will be available on EDGAR at
www.sec.gov.
This press release does not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these Securities in any jurisdiction in which an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
About MAG Silver Corp.
MAG Silver Corp. is a growth-oriented Canadian
exploration company focused on advancing high-grade, district scale
precious metals projects in the Americas. MAG is emerging as a
top-tier primary silver mining company through its (44%) joint
venture interest in the 4,000 tonnes per day Juanicipio Mine,
operated by Fresnillo plc (56%). The mine is located in the
Fresnillo Silver Trend in Mexico, the world's premier silver mining
camp, where in addition to underground mine production and
processing of high-grade mineralised material, an expanded
exploration program is in place targeting multiple highly
prospective targets. MAG is also executing multi-phase exploration
programs at the 100% earn-in Deer Trail Project in Utah and the
100% owned Larder Project, located in the historically prolific
Abitibi region of Canada.
Neither the Toronto Stock Exchange nor the NYSE
American has reviewed or accepted responsibility for the accuracy
or adequacy of this press release, which has been prepared by
management.
Cautionary Note Regarding
Forward-Looking Statements
This release includes certain statements that
may be deemed to be “forward-looking statements” within the meaning
of the U.S. Private Securities Litigation Reform Act of 1995 or
“forward-looking information” within the meaning of applicable
Canadian securities laws (collectively, “forward-looking
statements”). Forward-looking statements in this news
release include, but are not limited to: the filing of and receipt
of the Final Shelf Prospectus and the filing of the corresponding
Registration Statement; the filing and effectiveness of any
potential prospectus supplement; the Company undertaking any
offering of Securities under the Final Shelf Prospectus and
corresponding Registration Statement, including the amount and
terms of any Securities to be offered; the use of proceeds of any
offering of Securities. Forward-looking statements are often, but
not always, identified by the use of words such as “seek”,
“anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”,
“will”, “project”, “predict”, “potential”, “targeting”, “intend”,
“could”, “might”, “should”, “believe” and similar expressions.
These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. Although MAG believes the expectations expressed in
such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
the forward-looking statements identified herein include, but are
not limited to, changes in applicable laws, continued availability
of capital and financing, and general economic, market or business
conditions, political risk, currency risk and capital cost
inflation. In addition, forward-looking statements are subject to
various risks, including those risks disclosed in MAG Silver’s
filings with the SEC and Canadian securities regulators. All
forward-looking statements contained herein are made as at the date
hereof and MAG Silver undertakes no obligation to update the
forward-looking statements contained herein. There is no certainty
that any forward-looking statement will come to pass, and investors
should not place undue reliance upon forward-looking
statements.
The annual information form of the Company dated
March 27, 2024 and other documents filed by it from time to time
with securities regulatory authorities describe in greater detail
the risks, uncertainties, material assumptions and other factors
that could influence actual results and such factors are
incorporated herein by reference. Copies of these documents are
available under our profile on SEDAR+ at www.sedarplus.ca.
Please Note: Investors are urged to consider
closely the disclosures in MAG’s annual and quarterly reports and
other public filings, accessible through the Internet at
www.sedarplus.ca and
www.sec.gov.
LEI: 254900LGL904N7F3EL14
For further information on behalf of MAG Silver Corp.
Contact Michael J. Curlook, Vice President, Investor Relations and Communications
Phone: (604) 630-1399
Toll Free: (866) 630-1399
Email: info@magsilver.com
MAG Silver (TSX:MAG)
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