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Share Name | Share Symbol | Market | Type |
---|---|---|---|
First Majestic Silver Corporation | NYSE:AG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.01 | 0.15% | 6.74 | 6.82 | 6.58 | 6.65 | 5,528,788 | 01:00:00 |
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 22, 2015
Commission File Number 001-34984
FIRST
MAJESTIC SILVER CORP.
(Translation of registrant's name into English)
925 West Georgia Street,
Suite 1805, Vancouver BC V6C 3L2
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
☐ Form 20-F | ☒ Form 40-F |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SUBMITTED HEREWITH
Exhibits | ||
99.1 | Press Release dated April 22, 2015 - First Majestic Silver Corp. Announces Closing of C$30 Million Bought Deal Financing | |
99.2 | Material Change Report |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
FIRST MAJESTIC SILVER CORP. | |
By: | |
/s/ Connie Lillico | |
Connie Lillico | |
Corporate Secretary | |
April 22, 2015 |
Exhibit 99.1
FIRST MAJESTIC SILVER CORP.
Suite 1805 - 925 West Georgia Street
Vancouver, B.C., Canada V6C 3L2
Telephone: (604) 688-3033 Fax: (604) 639-8873
Toll Free: 1-866-529-2807
Web site: www.firstmajestic.com; E-mail: info@firstmajestic.com
NEWS RELEASE
TSX - FR | April 22, 2015 |
NYSE - AG | |
Frankfurt – FMV | |
Mexico - AG |
First Majestic Silver Corp. Announces Closing of C$30 Million
Bought Deal Financing
Vancouver, British Columbia - April 22, 2015 - First Majestic Silver Corp. (“First Majestic” or the “Company”) has announced today that it has closed the bought deal private placement announced on April 6, 2015, which was led by BMO Capital Markets (the “Underwriter”).
The Company issued an aggregate of 4,620,000 common shares (the “Common Shares”) at a price of C$6.50 per Common Share for gross proceeds of C$30,030,000 (the “Offering”).
The Company intends to use the net proceeds of the offering for general working capital and ramp development at the La Guitarra Silver Mine from the Coloso mine to the Nazareno area with the aim of bringing Nazareno online by year end and to advance the permitting and planning process to develop Mina de Agua and El Rincon areas at La Guitarra. In addition, the Company intends to begin the planning process at the Plomosas Silver Project in Sinaloa for the preparation for a future Preliminary Economic Assessment (PEA).
Keith Neumeyer, President and CEO of First Majestic, stated; “Our ability to raise money in the current depressed markets is a testament to the reputation of our team and growth prospects going forward. The funds strengthen our balance sheet to ensure the continued success of our operations.”
In connection with the Offering, the Underwriter received a cash commission equal to 5.5% of the aggregate gross proceeds raised. The Common Shares are subject to a hold period which will expire four months and one day from the date of closing, being August 23, 2015.
First Majestic is a mining company focused on silver production in México and is aggressively pursuing the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its corporate growth objectives.
FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807
FIRST MAJESTIC SILVER CORP.
“Keith Neumeyer”
Keith Neumeyer, President & CEO
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the proposed use of proceeds of the Offering.
These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation fluctuations in the spot and forward price of silver, gold, base metals or certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in the currency markets (such as the Canadian dollar and Mexican peso versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; operating or technical difficulties in connection with mining or development activities; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on mining, including those currently enacted in Mexico; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals from government authorities; diminishing quantities or grades of mineral reserves as properties are mined; the Company's title to properties; and the factors identified under the caption "Risk Factors" in the Company's Annual Information Form, under the caption "Risks Relating to First Majestic’s Business". The Company may also elect to use the proceeds of the Offering in a different manner than as described above if the Company determines that it is in its best interests to do so.
Investors are cautioned against attributing undue certainty to forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
Exhibit 99.1
Form 51-102F3
Material Change Report
Item 1. Name and Address of Company
FIRST MAJESTIC SILVER CORP. (the “Company”)
1805 - 925 West Georgia Street
Vancouver, BC V6C 3L2 CANADA
Telephone: (604) 688-3033
Facsimile: (604) 639-8873
Item 2. Date of Material Change
April 22, 2015
Item 3. News Release
The press release was disseminated through the services of CNW Group.
Item 4. Summary of Material Change
The Company announced that it has closed the bought deal private placement announced on April 6, 2015, which was led by BMO Capital Markets (the “Underwriter”).
Item 5. Full Description of Material Change
5.1 Full Description of Material Change
See Schedule “A” attached hereto.
5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 6. Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable
Item 7. Omitted Information
Not applicable.
Item 8. Executive Officer
Keith Neumeyer, President & CEO
Telephone: (604) 688-3033 Facsimile: (604) 639-8873
Item 9. Date of Report
April 22, 2015
SCHEDULE “A”
FIRST MAJESTIC SILVER CORP.
Suite 1805 - 925 West Georgia Street
Vancouver, B.C., Canada V6C 3L2
Telephone: (604) 688-3033 Fax: (604) 639-8873
Toll Free: 1-866-529-2807
Web site: www.firstmajestic.com; E-mail: info@firstmajestic.com
NEWS RELEASE
TSX - FR | April 22, 2015 |
NYSE - AG | |
Frankfurt – FMV | |
Mexico - AG |
First Majestic Silver Corp. Announces Closing of C$30 Million
Bought Deal Financing
Vancouver, British Columbia - April 22, 2015 - First Majestic Silver Corp. (“First Majestic” or the “Company”) has announced today that it has closed the bought deal private placement announced on April 6, 2015, which was led by BMO Capital Markets (the “Underwriter”).
The Company issued an aggregate of 4,620,000 common shares (the “Common Shares”) at a price of C$6.50 per Common Share for gross proceeds of C$30,030,000 (the “Offering”).
The Company intends to use the net proceeds of the offering for general working capital and ramp development at the La Guitarra Silver Mine from the Coloso mine to the Nazareno area with the aim of bringing Nazareno online by year end and to advance the permitting and planning process to develop Mina de Agua and El Rincon areas at La Guitarra. In addition, the Company intends to begin the planning process at the Plomosas Silver Project in Sinaloa for the preparation for a future Preliminary Economic Assessment (PEA).
Keith Neumeyer, President and CEO of First Majestic, stated; “Our ability to raise money in the current depressed markets is a testament to the reputation of our team and growth prospects going forward. The funds strengthen our balance sheet to ensure the continued success of our operations.”
In connection with the Offering, the Underwriter received a cash commission equal to 5.5% of the aggregate gross proceeds raised. The Common Shares are subject to a hold period which will expire four months and one day from the date of closing, being August 23, 2015.
First Majestic is a mining company focused on silver production in México and is aggressively pursuing the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its corporate growth objectives.
FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807
FIRST MAJESTIC SILVER CORP.
“Keith Neumeyer”
Keith Neumeyer, President & CEO
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the proposed use of proceeds of the Offering.
These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation fluctuations in the spot and forward price of silver, gold, base metals or certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in the currency markets (such as the Canadian dollar and Mexican peso versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; operating or technical difficulties in connection with mining or development activities; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on mining, including those currently enacted in Mexico; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals from government authorities; diminishing quantities or grades of mineral reserves as properties are mined; the Company's title to properties; and the factors identified under the caption "Risk Factors" in the Company's Annual Information Form, under the caption "Risks Relating to First Majestic’s Business". The Company may also elect to use the proceeds of the Offering in a different manner than as described above if the Company determines that it is in its best interests to do so.
Investors are cautioned against attributing undue certainty to forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
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