-
MAG Silver ( TSX: MAG:CA ) ( NYSE: MAG ) on Wednesday announced that it is has entered into an agreement with a syndicate of underwriters to buy on a bought deal basis 2,735,000 common shares at US$14.65 per share for US$40 million.
-
The company concurrently announced that it is undertaking a bought deal private placement of 843,000 common shares to be issued on a flow-through basis, at C$23.75 a piece, for gross proceeds of C$20 million.
-
Shares -4.9% after hours .
For further details see:
MAG Silver stock slips ~5% after launching bought deal offering