Edition:
India

First Majestic Silver Announces Friendly Acquisition Of Primero Mining


Friday, 12 Jan 2018 

Jan 12 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC SILVER ANNOUNCES FRIENDLY ACQUISITION OF PRIMERO MINING AND RESTRUCTURED STREAM WITH WHEATON PRECIOUS METALS.FIRST MAJESTIC SILVER ANNOUNCES FRIENDLY ACQUISITION OF PRIMERO MINING AND RESTRUCTURED STREAM WITH WHEATON PRECIOUS METALS.FIRST MAJESTIC SILVER CORP - ‍TOTAL TRANSACTION VALUE IS ESTIMATED AT APPROXIMATELY $320 MILLION​.FIRST MAJESTIC SILVER - ‍ UNDER TERMS, ALL OF PRIMERO'S SHARES TO BE EXCHANGED ON BASIS OF 0.03325 OF A CO'S COMMON SHARE FOR EACH PRIMERO COMMON SHARE​.FIRST MAJESTIC SILVER - ACCRETIVE ON ALL KEY METRICS INCLUDING NAV, CASH FLOW, PRODUCTION, AND RESOURCES TO FIRST MAJESTIC SHAREHOLDERS.FIRST MAJESTIC SILVER CORP - PRIMERO AGREED TO PAY A TERMINATION FEE TO FIRST MAJESTIC OF $10 MILLION UPON OCCURRENCE OF CERTAIN EVENTS.FIRST MAJESTIC SILVER-FOLLOWING CLOSING OF ARRANGEMENT,SILVER STREAMING INTEREST AT PRIMERO'S SAN DIMAS SILVER-GOLD MINE HELD BY WPM TO BE TERMINATED​.FIRST MAJESTIC SILVER-FOLLOWING CLOSING, CO AND WPM WILL ENTER INTO A NEW STREAM ARRANGEMENT BASED ON 25% OF GOLD EQUIVALENT PRODUCTION AT SAN DIMAS.FIRST MAJESTIC SILVER CORP - AS PART OF TRANSACTION, WPM TO RECEIVE 20.9 MILLION COMMON SHARES OF FIRST MAJESTIC HAVING AGGREGATE VALUE OF $151 MILLION.FIRST MAJESTIC SILVER CORP - ‍ARRANGEMENT AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH OF FIRST MAJESTIC AND PRIMERO​. 

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