VANCOUVER, British Columbia, Nov. 15, 2017 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX:MAG) (NYSE
AMERICAN:MAG) (“MAG”) is pleased to announce that it will undertake with some existing
shareholders, a non-brokered private placement offering of up to 4,202,483 common shares of MAG (the “Common
Shares”) at a price of US$10.47 per Common Share for maximum gross proceeds of US$43,999,997 (the
“Offering”).
MAG intends to use the net proceeds of the Offering to fund exploration and development of the Juanicipio
Project and for working capital and general corporate purposes. The Offering is expected to close on or before November 28, 2017,
subject to receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange.
Any securities issued pursuant to the Offering will be subject to a hold period under applicable Canadian
securities laws, which will expire four months plus one day from the date of closing of the Offering.
The securities to be issued under the Offering have not been, and will not be, registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news
release does not constitute an offer to sell or a solicitation of an offer to buy any of MAG’s securities in the United States.
About MAG Silver Corp.
MAG Silver Corp. is a Canadian exploration and development company focused on becoming a top‐tier primary silver
mining company, by exploring and advancing high‐grade, district scale, silver‐dominant projects in the Americas. Our principal
focus and asset is the Juanicipio Property (44%), being developed in partnership with Fresnillo Plc (56%) and is located in the
Fresnillo Silver District in Mexico, the world’s premier silver mining camp. We are presently developing the underground
infrastructure on the property, under the operational expertise of our joint venture partner, Fresnillo plc, to support an expected
4,000 tonnes per day mining operation. As well, we have an expanded exploration program in place investigating other highly
prospective targets across the property. In addition, we continue to work on regaining surface access to our 100% owned Cinco de
Mayo property in Mexico while we seek other high grade, district scale opportunities.
On behalf of the Board of
MAG SILVER CORP.
"George Paspalas"
President and Chief Executive Officer
For further information on behalf of MAG Silver Corp.
Contact Michael J. Curlook, VP Investor Relations and Communications
Phone: (604) 630-1399 Email: info@magsilver.com
Toll free: (866) 630-1399 Fax: (604) 681-0894
Neither the Toronto Stock Exchange nor the NYSE American have reviewed or accepted responsibility for the
accuracy or adequacy of this press release, which has been prepared by management.
This release includes certain statements that may be deemed to be “forward-looking statements” within the
meaning of the US Private Securities Litigation Reform Act of 1995 and applicable Canadian Securities laws. All statements in this
release, other than statements of historical facts are forward looking statements, including risks related to satisfying conditions
of the Offering, information with respect to the use of proceeds, our planned exploration and development activities and other
future events or developments. Forward-looking statements are often, but not always, identified by the use of words such as "seek",
"anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend",
"could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking
statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking
statements include, but are not limited to, changes in commodities prices, changes in mineral production performance, exploitation
and exploration successes, continued availability of capital and financing, and general economic, market or business conditions,
political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks,
including that data is incomplete and considerable additional work will be required to complete further evaluation, including but
not limited to drilling, engineering and socio-economic studies and investment. The reader is referred to the Company’s filings
with the SEC and Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that
any forward-looking statement will come to pass and investors should not place undue reliance upon forward-looking statements. The
Company does not undertake to provide updates to any of the forward-looking statements in this release, except as required by
law.
