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First Majestic Silver Corp. Announces At-The-Market Offering Equity Program
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2022) - First Majestic Silver Corp. (N...
About this update from First Majestic Silver Corp.
[{"type":"text","content":"First Majestic Silver Corp. Announces At-The-Market Offering Equity ProgramVancouver, British Columbia--(Newsfile Corp. - July 20, 2022) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (the \"Company\" or \"First Majestic\") announces it has entered into an equity distribution agreement (the \"Sales Agreement\") with BMO Capital Markets and TD Securities (the \"Agents\") pursuant to which the Company may, at its discretion and from time-to-time until June 18, 2023, sell, through the Agents, such number of common shares of the Company (\"Common Shares\") as would result in aggregate gross proceeds to the Company of up to US$100.0 million (the \"Offering\"). The Sales Agreement replaces the previous equity distribution agreement entered into between the Company and the Agents dated May 28, 2021, under which all sales have been completed. Sales of Common Shares will be made through \"at-the-market distributions\" as defined in the Canadian Securities Administrators' National Instrument 44-102-Shelf Distributions, including sales made directly on the New York Stock Exchange (the \"NYSE\"), or any other recognized marketplace upon which the Common Shares are listed or quoted or where the Common Shares are traded in the United States. The sales, if any, of Common Shares made under the Sales Agreement will be made by means of ordinary brokers' transactions on the NYSE at market prices, or as otherwise agreed upon by the Company and the Agents. No offers or sales of Common Shares will be made in Canada on the Toronto Stock Exchange (the \"TSX\") or other trading markets in Canada.The Offering will be made by way of a prospectus supplement to the base prospectus included in the Company's existing US registration statement on Form F-10 (the \"Registration Statement\") and Canadian short form base shelf prospectus (the \"Base Shelf Prospectus\") dated May 18, 2021. The prospectus supplement relating to the Offering has been filed with the securities commissions in each of the provinces of Canada (other than Québec) and the United States Securities and Exchange Commission (the \"SEC\"). The US prospectus supplement (together with the related base prospectus) will be available on the SEC's website (www.sec.gov) and the Canadian prospectus supplement (together with the related Base Shelf Prospectus) will be available on the...