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VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 1, 2016) - MAG Silver Corp. (TSX:MAG)(NYSE MKT:MVG) (the "Company" or "MAG") announces that it has completed its previously announced bought deal financing and has issued 8,905,000 common shares at US$7.30 per share, for gross proceeds of US$65,006,500 (the "Offering"). The Offering was conducted by a syndicate of underwriters led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and Raymond James Ltd. (collectively, the "Lead Underwriters"), and including Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., TD Securities Inc., Cormark Securities Inc., Desjardins Securities Inc. and PI Financial Corp. (together with the Lead Underwriters, the "Underwriters"). The Underwriters reserve the right to exercise all or any portion of an over-allotment option of 1,335,750 common shares at any time within 30 days following closing. |
