MAG Silver Announces Filing of Final Base Shelf Prospectus
MAG Silver announced the filing of its final base shelf prospectus with Canadian securities commissions and a corresponding registration statement with the U.S. SEC. This allows MAG Silver to offer up to $250 million in various securities, including common shares, debt securities, and warrants, over a 25-month period. While maintaining financial flexibility, the company currently has no intention to offer securities. Any future offerings will depend on market conditions and will be detailed in a prospectus supplement. The documents are available on SEDAR+ and EDGAR.
- Final base shelf prospectus filed successfully, ensuring compliance with Canadian and U.S. regulations.
- Authorization to offer up to $250 million in securities provides potential financial flexibility.
- The 25-month validity period offers extended opportunities for capital raising.
- Potential to issue various types of securities, enhancing strategic financial options.
- No immediate plan to offer securities, which may imply a lack of immediate capital needs.
- Market conditions will dictate the terms of any future offerings, introducing uncertainty.
- Filing does not guarantee successful capital raise if market conditions are unfavorable.
- Possible shareholder dilution if new securities are issued in the future.
VANCOUVER, British Columbia, May 31, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) today announced that it has obtained a receipt for the final short form base shelf prospectus (the “Final Shelf Prospectus”) filed with the securities commissions in all of the provinces and territories of Canada. A corresponding registration statement on Form F-10 has been 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”), and has become effective under the U.S./Canada Multijurisdictional Disclosure System.
The Final Shelf Prospectus and Registration Statement will allow the Company to offer up to U.S.
Securities may be offered under the Final Shelf Prospectus (and corresponding Registration Statement) separately or together, offered in amounts, at prices and on terms to be determined based on market conditions at the time of sale and, subject to applicable regulations, may include “at-the-market” transactions, public offerings or strategic investments. The specific terms of any offering of Securities, if any, including the use of proceeds from such offering, will be set forth in a shelf prospectus supplement pertaining to such offering to be filed with applicable securities regulatory authorities.
Copies of the Final Shelf Prospectus and Registration Statement 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 and on EDGAR at www.sec.gov, respectively.
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 (
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 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; and 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.
FAQ
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