Primero Announces Receipt of Mexican Antitrust Clearance for Arrangement With First Majestic and Files First Quarter Financia...
May 09 2018 - 6:00AM
(Please note that all dollar amounts in this news release are
expressed in U.S. dollars unless otherwise indicated.)
Primero Mining Corp. (“Primero” or the “Company”)
(TSX:P) today announced that First Majestic Silver Corp. ("First
Majestic") (TSX:FR) (NYSE:AG) (Frankfurt:FMV) has received
antitrust clearance from the Comisión Federal de Competencia
Económica (“COFECE”), which is the final government agency approval
required before closing of the previously announced
arrangement. Primero anticipates closing of the arrangement
on May 10, 2018.
The Company also announced that it has filed
financial and operating results for the first quarter ended March
31, 2018 on SEDAR (www.sedar.com).
About Primero
Primero Mining Corp. is a Canadian-based
precious metals producer that owns 100% of the San Dimas
gold-silver mine in Mexico.
Primero’s website is
www.primeromining.com.
For further information, please contact:
Investor RelationsTel: (416)
814-3160info@primeromining.com
CAUTIONARY STATEMENT ON FORWARD-LOOKING
INFORMATION
This news release contains “forward-looking
statements”, within the meaning of applicable United States and
Canadian securities legislation, concerning the business and
operations of Primero Mining Corp. and its consolidated
subsidiaries (collectively, “Primero” or the “Company”). All
statements, other than statements of historical fact, are
forward-looking statements. Forward-looking statements in
this news release include statements regarding the expected closing
of the previously announced Arrangement with First Majestic. The
assumptions made by the Company in preparing the forward-looking
information contained in this news release, which may prove to be
incorrect, include, but are not limited to: the expectations and
beliefs of management; the specific assumptions set forth above in
this news release; that the Arrangement with First Majestic will
close. Forward-looking statements are subject to known and
unknown risks, uncertainties and other important factors that may
cause the actual results, performance or achievements of Primero to
be materially different from those expressed or implied by such
forward-looking statements, including: the exchange rate between
the Canadian dollar and the United States dollar may change; the
Company may not be able draw down, re-finance or extend its line of
credit facility; the documentation to extend the credit facility
may not be timely completed; negotiations in connection with the
strategic process may be interrupted or may break down and may not
result in a resolution that is acceptable to all Primero
stakeholders. Certain of these factors are discussed in
greater detail in Primero’s registration statement on Form 40-F on
file with the U.S. Securities and Exchange Commission, and its most
recent Annual Information Form on file with the Canadian provincial
securities regulatory authorities and available at
www.sedar.com. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described
in forward-looking statements. In addition, although Primero has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue
reliance on forward-looking statements.
Forward-looking statements are made as of the
date hereof and accordingly are subject to change after such
date. Forward-looking statements are provided for the purpose
of providing information about management’s current expectations
and plans and allowing investors and others to get a better
understanding of our operating environment. Primero does not
undertake to update any forward-looking statements that are
included in this document, except in accordance with applicable
securities laws.