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MAG Silver files prospectus for up to US$200M over 25 months

MAG Silver Corp. filed a preliminary short form base shelf prospectus enabling it to raise up to US$200 million over a 25-month period.

The company said Dec. 29 that the prospectus will allow it to maintain financial flexibility, with no immediate financing plans. In November, MAG Silver increased a private placement from US$44 million to US$48.2 million.

MAG Silver is focused on the development of its 44%-owned Juanicipio silver property in Zacatecas, Mexico, alongside Fresnillo Plc.

The company noted in its filing that its common shares closed on Dec. 27 at C$15.60 on the TSX and at US$10.43 on the NYSE American exchange.