NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.Mag Silver Corp • January 26th, 2007 • Gold and silver ores
Vancouver, B.C… MAG Silver Corp. (“MAG” or the “Company”) has entered into an agreement dated January 24, 2007, with a syndicate of underwriters, under which the underwriters have agreed to purchase 2,200,000 units from MAG at an issue price of $7.25 per unit, representing an aggregate offering of $15,950,000. The underwriters will have an over-allotment option, exercisable at any time until 48 hours prior to closing, to acquire up to an additional 350,000 units of the offering at the issue price.
