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First Majestic Silver to Raise $50 Mln in At-The-Market Stock Offering
05:11 AM EST, 12/28/2018 (MT Newswires) -- Canada-based mining company First Majestic Silver (AG) said late Thursday it has entered into an equity distribution agreement with BMO Capital Markets Corp. (BMO) for an at-the-market offering of up to $50 million worth of its common stock.
The company expects to use the net proceeds to develop and improve its existing mines and to add to its working capital.
