First Majestic Files Preliminary Base Shelf Prospectus
October 15 2018 - 8:10PM
First Majestic Silver Corp. (TSX:FR; NYSE:AG; Frankfurt:FMV)
(“First Majestic” or the “Company”) announced today it has filed a
preliminary short form base shelf prospectus with the securities
regulators in each province of Canada, except for the Province of
Quebec, and a corresponding shelf registration statement on Form
F-10 with the United States Securities and Exchange Commission.
These filings, when made final or effective, will allow the Company
to make offerings of common shares, subscription receipts, units,
warrants or any combination thereof of up to US$300 million during
the 25 months following the (final) prospectus and registration
statement becoming effective in the United States and Canada
(except for the Province of Quebec). 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.
First Majestic has filed this base shelf prospectus in order to
provide the Company with greater financial flexibility going
forward but has not entered into any agreements or arrangements to
authorize or offer any securities at this time.
A copy of the preliminary short form base shelf
prospectus can be found on SEDAR at www.sedar.com and on EDGAR at
www.sec.gov. A copy of the prospectus may also be obtained on
request without charge from the Secretary of the Company at its
head office at 1800 - 925 West Georgia Street, Vancouver, British
Columbia, V6C 3L2.
A registration statement relating to these
securities has been filed with the Securities and Exchange
Commission but has not yet become effective. These securities may
not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective.
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
qualifications under the securities laws of any such
jurisdiction.
About the Company
First Majestic is a mining company focused on
silver production in Mexico and is aggressively pursuing the
development of its existing mineral property assets. The Company
presently owns and operates the San Dimas Silver/Gold Mine, the
Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, the La
Parrilla Silver Mine, the San Martin Silver Mine and the Del Toro
Silver Mine. Production from these mines are projected to be
between 12.0 to 13.2 million silver ounces or 20.5 to 22.6 million
silver equivalent ounces in 2018.
For further information contact
info@firstmajestic.com or call Investor Relations at
1-866-529-2807.
FIRST MAJESTIC SILVER CORP.
“Keith Neumeyer”
Keith Neumeyer, President & CEO
Forward Looking Statements
This press release contains “forward-looking
statements”, within the meaning of the United States Private
Securities Litigation Reform Act of 1995 or forward looking
information within the meaning of applicable Canadian securities
legislation, concerning the business, operations and financial
performance and condition of First Majestic. Forward-looking
statements include, but are not limited to, statements regarding
the filing and effectiveness of the final base shelf prospectus and
registration statement, the filing and effectiveness of any
potential prospectus supplement; the amount and terms of any
securities to be offered; and estimated production rates for silver
and other payable metals. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or statements that certain
actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”. Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of First Majestic to be
materially different from those expressed or implied by such
forward-looking statements, including but not limited to, the
timing and filing of the final base shelf prospectus; the potential
offering of any securities by the Company; uncertainty with respect
to the completion of any future offering; the ability to obtain
applicable regulatory approval for any contemplated offerings; the
ability of the Company to negotiate and complete future funding
transactions; variations in market conditions; changes in national
and local government, legislation, taxation, controls, regulations
and political or economic developments in Canada or Mexico;
operating or technical difficulties in connection with mining or
development activities; risks and hazards associated with the
business of mineral exploration, development and mining (including
environmental hazards, industrial accidents, unusual or unexpected
formations, pressures, cave-ins and flooding); risks relating to
the credit worthiness or financial condition of suppliers, refiners
and other parties with whom the Company does business; inability to
obtain adequate insurance to cover risks and hazards; and the
presence of laws and regulations that may impose restrictions on
mining, including those currently enacted in Mexico; employee
relations; relationships with and claims by local communities and
indigenous populations; availability and increasing costs
associated with mining inputs and labour; the speculative nature of
mineral exploration and development, including the risks of
obtaining necessary licenses, permits and approvals from government
authorities; diminishing quantities or grades of mineral reserves
as properties are mined; the Company’s title to properties; as well
as those factors discussed in the section entitled “Description of
Business - Risk Factors” in First Majestic’s Annual Information
Form for the year ended December 31, 2017, available on
www.sedar.com, and Form 40-F on file with the United States
Securities and Exchange Commission in Washington, D.C. Although
First Majestic has attempted to identify important factors that
could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause 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. First Majestic does not undertake to update any
forward-looking statements, except in accordance with applicable
securities laws.
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