MAG Silver Corp. (TSX:MAG) (NYSE American:MAG)
(“MAG”) today announced that it has filed a
preliminary short form base shelf prospectus with the securities
commissions in each of the provinces of Canada, except Quebec. The
base shelf prospectus will allow MAG to offer up to US$200,000,000
of common shares, preferred shares, debt securities, subscription
receipts, units and warrants from time to time over a 25-month
period after Canadian securities regulatory authorities have issued
a receipt for the final short form base shelf prospectus. The
specific terms of any future offering of securities (if any), will
be set forth in a shelf prospectus supplement. The Company has
filed this base shelf prospectus to maintain financial flexibility
but has no immediate intentions to undertake an offering.
A corresponding shelf registration statement on
Form F-10 will be filed with the U.S. Securities and Exchange
Commission (the "SEC") under the U.S. Securities Act of 1933, as
amended, and the U.S./Canada Multijurisdictional Disclosure System
at the time of filing of the final short form base shelf
prospectus. 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 to buy such securities in the United
States. This press release shall 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.
A copy of the preliminary short form base
shelf prospectus can be found on SEDAR at www.sedar.com.
About MAG Silver Corp.
(www.magsilver.com )
MAG Silver Corp. is a Canadian exploration and
development company focused on becoming a top-tier primary silver
mining company, by exploring and advancing high-grade, district
scale, silver-dominant projects in the Americas. Our principal
focus and asset is the Juanicipio Property (44%), being developed
in partnership with Fresnillo Plc (56%) and is located in the
Fresnillo Silver District in Mexico, the world’s premier silver
mining camp. We are presently developing the underground
infrastructure on the property, under the operational expertise of
our joint venture partner, Fresnillo plc, to support an expected
4,000 tonnes per day mining operation. As well, we have an
expanded exploration program in place investigating other highly
prospective targets across the property. In addition, we
continue to work on regaining surface access to our 100% owned
Cinco de Mayo property in Mexico while we seek other high grade,
district scale opportunities.
On behalf of the Board ofMAG SILVER
CORP.
"George Paspalas”
President & Chief Executive
Officer
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For further information on behalf of MAG Silver Corp.
Contact Michael J. Curlook, VP Investor
Relations and Communications |
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Website:Phone:Toll free: |
www.magsilver.com (604) 630-1399 (866)
630-1399 |
Email:Fax: |
info@magsilver.com (604) 681-0894 |
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This News Release contains "forward-looking
information" and "forward looking statements" within the meaning of
applicable Canadian and United States securities legislation.
Statements contained herein that are not based on historical or
current fact, including without limitation statements containing
the words “anticipates,” “believes,” “may,” “continues,”
“estimates,” “expects,” and “will” and words of similar import,
constitute “forward-looking statements” within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking information may include, but is not limited to,
expectations with respect to the filing of final base shelf
prospectus and shelf registration statement on form F-10 or with
respect to any future offerings by the Company; and information
contained the preliminary base shelf prospectus relating to, among
other things, the future price of silver, gold, lead and zinc, the
estimation of mineral resources, preliminary economic estimates
relating to the Juanicipio Project, estimates of the time and
amount of future silver, gold, lead and zinc production for
specific operations, estimated future exploration and development
expenditures and other expenses for specific operations, permitting
timelines, the Company’s expectations regarding impairments of
mineral properties, the Company’s expectations regarding its
negotiations with the Ejido to obtain surface access to the Cinco
de Mayo Property; the anticipated timing of a formal “production
decision” at Minera Juanicipio; the Company’s expectations
regarding the sufficiency of its capital resources and requirements
for additional capital, litigation risks, currency fluctuations,
environmental risks and reclamation cost, and changes to
governmental laws and regulations. Any statements that express or
involve discussions with respect to predictions, beliefs, plans,
projections, objectives, assumptions or future events of
performance (often but not always using words or phrases such as
“anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan”,
“strategy”, “goals”, “objectives”, “project”, “potential” or
variations thereof or stating that certain actions, events, or
results “may”, “could”, “would”, “might” or “will” be taken, occur,
or be achieved, or the negative of any of these terms and similar
expressions), as they relate to the Company or management, are
intended to identify forward-looking statements and
information. Such statements reflect the Company’s current
views with respect to future events and are subject to certain
known and unknown risks, uncertainties and assumptions.
Many factors could cause actual results,
performance or achievements to be materially different from any
future results, performance or achievements that may be expressed
or implied by such forward-looking statements and information,
including, among others, the ability of the Company to successfully
close a financing pursuant to the base shelf prospectus or shelf
registration statement and those risks identified in MAG's
preliminary base shelf prospectus dated December 28, 2017 filed on
SEDAR at www.sedar.com. Forward-looking information is based on the
expectations and opinions of MAG's management on the date the
statements are made. The assumptions used in the preparation of
such statements, although considered reasonable at the time of
preparation, may prove to be imprecise. We do not assume any
obligation to update forward-looking information, whether as a
result of new information, future events or otherwise, other than
as required by applicable law. For the reasons set forth above,
prospective investors should not place undue reliance on
forward-looking information. Neither the TSX nor the NYSE American
has approved or disapproved of the information contained
herein.
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.sedar.com
andwww.sec.gov/edgar/searchedgar/companysearch.html