First Majestic Silver Corp.
Bought Deal Private Placement
We acted as counsel to First Majestic Silver Corp. with respect to a brokered private placement offering on a bought deal basis. The offering consisted of 5,250,900 common shares (including 684,900 common shares issued pursuant to the exercise in full of an over-allotment option), at a price of C$10.95 per common share for gross proceeds of approximately C$57.5 million. The syndicate of underwriters for the offering was co-led by Cormark Securities Inc. and BMO Capital Markets and included Desjardins Securities Inc., National Bank Financial Inc. and TD Securities Inc.
First Majestic is a producing silver company with six active producing mines in Mexico. The shares of First Majestic are listed on the Toronto Stock Exchange under the symbol “FR”, on the New York Stock Exchange under the symbol “AG”, and on the Bosla Mexicana de Valores under the symbol “AG”.