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MAG Silver Announces Intention to Make Normal Course Issuer Bid for Common Shares

MAG Silver Announces Intention to Make Normal Course Issuer Bid for Common Shares

MAG Silver宣佈打算讓發行人正常競標普通股
MAG Silver ·  05/15 12:00

Vancouver, B.C. MAG Silver Corp. (TSX / NYSE American: MAG) ("MAG", or the "Company") announced today that the Toronto Stock Exchange (the "TSX") has accepted the Company's Notice of Intention to Make a Normal Course Issuer Bid ("NCIB").

不列顛哥倫比亞省溫哥華MAG Silver Corp.(TSX /紐約證券交易所美國股票代碼:MAG)(“MAG” 或 “公司”)今天宣佈,多倫多證券交易所(“TSX”)已接受該公司擬進行正常發行人出價的通知(“NCIB”)。

Under the NCIB, the Company may purchase for cancellation up to an aggregate of 8,643,374 common shares in the capital of the Company ("Common Shares"), representing approximately 10% of the public float (as defined in the rules and policies of the TSX) of the Common Shares as of May 8, 2024. The Company's purchases in the United States will be subject to a limit of 5,148,977 Common Shares, being 5% of the public float of the Common Shares as of May 8, 2024.

根據NCIB,公司可以購買最多8,643,374股公司資本中的普通股(“普通股”)以供註銷,約佔截至2024年5月8日普通股公衆持股量(定義見多倫多證券交易所的規則和政策)的10%。截至2024年5月8日,該公司在美國的購買將受5,148,977股普通股的上限限制,佔普通股公衆持股量的5%。

The NCIB will commence on May 17, 2024 and terminate May 16, 2025, or earlier if the maximum number of Common Shares under the NCIB have been purchased or if the NCIB has been terminated by the Company. As of May 8, 2024, the Company had 103,143,078 Common Shares issued and outstanding and a public float of 86,433,740 Common Shares.

NCIB將於2024年5月17日開始並於2025年5月16日終止,如果購買了NCIB下的最大普通股數量或公司已終止NCIB,則更早終止。截至2024年5月8日,該公司已發行和流通103,143,078股普通股,公衆持股量爲86,433,740股普通股。

Under the NCIB, other than purchases made under a block purchase exception in accordance with the rules and policies of the TSX, the Company may acquire, from time to time, up to 66,371 Common Shares per day on the TSX, being 25% of the average daily trading volume of the Common Shares for the period from November 1, 2023 to April 30, 2024, which was 265,485 Common Shares. The maximum number of Common Shares which may be purchased per day on the NYSE American LLC (the "NYSE American") will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase, subject to certain exceptions for block purchases. The Company has not purchased Common Shares under a normal course issuer bid within the past twelve months.

根據NCIB,除了根據多倫多證券交易所的規則和政策根據大宗購買例外情況進行購買外,公司可以不時在多倫多證券交易所每天收購多達66,371股普通股,佔2023年11月1日至2024年4月30日期間普通股平均每日交易量的25%,即265,485股普通股。紐約證券交易所美國有限責任公司(“美國紐約證券交易所”)每天可購買的最大普通股數量將爲購買之日前四個日曆周平均每日交易量的25%,但大宗購買的某些例外情況除外。在過去的十二個月中,公司沒有以正常的發行人出價購買普通股。

Under the NCIB, purchases will be made through the facilities of the TSX, the NYSE American and/or permitted alternative trading systems in Canada and the United States at prevailing market prices or such other prices as permitted under the rules and policies of the TSX and the NYSE American, as applicable, and applicable securities laws. All Common Shares purchased by the Company under the NCIB will be cancelled. Repurchases will be subject to compliance with applicable Canadian securities laws and United States federal securities laws.

根據NCIB,將通過多倫多證券交易所、紐約證券交易所美國證券交易所和/或加拿大和美國允許的另類交易系統的設施以現行市場價格或多倫多證券交易所和紐約證券交易所美國證券交易所(如適用)的規則和政策以及適用的證券法允許的其他價格進行購買。公司根據NCIB購買的所有普通股將被取消。回購將遵守適用的加拿大證券法和美國聯邦證券法。

MAG believes that when a disconnect exists between the share price and the intrinsic value of the business, an NCIB can increase shareholder value and per share growth. Further, the Company believes that current market conditions provide opportunities for the Company to acquire Common Shares at attractive prices. In the Company's view, having the option to opportunistically repurchase Common Shares could be an effective use of its cash resources and could be in the best interests of the Company and its shareholders. It would both enhance liquidity for shareholders seeking to sell and provide an increase in the proportionate interests of shareholders wishing to maintain their positions.

MAG認爲,當股價與業務內在價值之間存在脫節時,NCIB可以增加股東價值和每股增長。此外,該公司認爲,當前的市場狀況爲公司提供了以有吸引力的價格收購普通股的機會。公司認爲,可以選擇機會性地回購普通股可能是對其現金資源的有效利用,也可能符合公司及其股東的最大利益。這既可以增加尋求出售的股東的流動性,又能增加希望維持其頭寸的股東的相應權益。

In connection with the NCIB, the Company expects to enter into an automatic share purchase plan ("ASPP") in relation to purchases made under the NCIB. The ASPP is intended to facilitate repurchases of Common Shares at times under the NCIB when the Company would ordinarily not be permitted to make purchases due to regulatory restriction or customary self-imposed blackout periods. Before the commencement of any particular trading black-out period, the Company may, but is not required to, instruct its designated broker to make purchases of Common Shares under the NCIB during the ensuing black-out period in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker at its sole discretion based on purchasing parameters set by the Company in accordance with the rules of the TSX and NYSE American, as applicable, and applicable securities laws and the terms of the ASPP. All purchases of Common Shares made under the ASPP will be included in determining the number of Common Shares purchased under the NCIB. The ASPP will constitute an "automatic securities purchase plan" under applicable securities laws. Outside of pre-determined blackout periods, Common Shares may be purchased under the NCIB based on management's discretion, in compliance with TSX and NYSE American rules, as applicable, and applicable securities laws.

在NCIB方面,該公司預計將就根據NCIB進行的購買訂立自動股票購買計劃(“ASPP”)。ASPP旨在促進在NCIB下回購普通股,此時由於監管限制或慣常的自我施加的封鎖期,公司通常不被允許進行購買。在任何特定的交易封鎖期開始之前,公司可以指示其指定經紀人在隨後的封鎖期內根據ASPP的條款購買NCIB下的普通股,但不必這樣做。此類購買將由指定經紀商根據適用的多倫多證券交易所和紐約證券交易所美國證券交易所規則(如適用)以及適用的證券法和ASPP的條款設定的購買參數自行決定。根據ASPP購買的所有普通股將包括在確定根據NCIB購買的普通股數量時。根據適用的證券法,ASPP將構成 “自動證券購買計劃”。在預先確定的封鎖期之外,管理層可以根據TSX和NYSE American規則(如適用)以及適用的證券法,酌情根據NCIB購買普通股。

To the knowledge of MAG, no director or senior officer of the Company currently intends to sell any Common Shares under the NCIB. However, sales by such persons through the facilities of the TSX may occur if the personal circumstances of any such person change or any such person makes a decision unrelated to these normal course purchases. The benefits to any such person whose Common Shares are purchased would be the same as the benefits available to all other holders whose Common Shares are purchased.

據MAG所知,該公司目前沒有任何董事或高級管理人員打算出售NCIB下的任何普通股。但是,如果任何此類人員的個人情況發生變化,或者任何此類人員做出了與這些正常課程購買無關的決定,則此類人員可能會通過多倫多證券交易所的設施進行銷售。任何購買普通股的人所獲得的福利將與購買普通股的所有其他持有人獲得的福利相同。

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there by any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

本新聞稿不構成在美國的賣出要約或要求購買證券的要約,也不構成通過出售這些證券的要約、招攬或出售爲非法的任何司法管轄區出售這些證券的要約。

About MAG Silver Corp.

關於 MAG Silver Co

MAG Silver Corp. is a growth-oriented Canadian exploration company focused on advancing high-grade, district scale precious metals projects in the Americas. MAG is emerging as a top-tier primary silver mining company through its (44%) joint venture interest in the 4,000 tonnes per day Juanicipio Mine, operated by Fresnillo plc (56%). The mine is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where in addition to underground mine production and processing of high-grade mineralised material, an expanded exploration program is in place targeting multiple highly prospective targets. MAG is also executing multi-phase exploration programs at the 100% earn-in Deer Trail Project in Utah and the 100% owned Larder Project, located in the historically prolific Abitibi region of Canada.

MAG Silver Corp. 是一家以增長爲導向的加拿大勘探公司,專注於推進美洲地區規模的高品位貴金屬項目。MAG通過其在弗雷斯尼洛集團運營的每天4,000噸胡安尼西皮奧礦的合資企業(44%)(56%),正在崛起爲頂級的初級白銀開採公司。該礦位於墨西哥的弗雷斯尼洛銀礦趨勢區,這是世界上首屈一指的白銀開採營地,除了地下礦山生產和高品位礦化材料的加工外,還針對多個極具前景的目標進行了擴大的勘探計劃。MAG還在猶他州的100%收益的鹿徑項目和位於加拿大歷史上多產的阿比蒂比地區的100%所有權的Larder項目中執行多階段勘探計劃。

For further information on behalf of MAG Silver Corp.

代表 MAG Silver Corp. 獲取更多信息

Contact Michael J. Curlook, Vice President, Investor Relations and Communications

聯繫投資者關係與傳播副總裁 Michael J. Curlook

Phone: (604) 630-1399

電話:(604) 630-1399

Toll Free: (866) 630-1399 Email: info@magsilver.com

免費電話:(866) 630-1399 電子郵件: info@magsilver.com

Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.

多倫多證券交易所和紐約證券交易所美國證券交易所均未對本新聞稿的準確性或充分性進行審查或承擔責任,該新聞稿由管理層編寫。

Cautionary Note Regarding Forward-Looking Statements

關於前瞻性陳述的警示說明

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 or "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements in this news release include statements regarding its intention to make an NCIB and enter into an ASPP, the reasons for the NCIB, the timing and amount of purchases under the NCIB and the ASPP and the cancellation of the Common Shares purchased under the NCIB. 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 the forward-looking statements identified herein include, but are not limited to, changes in applicable laws, 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 those risks disclosed in MAG Silver's filings with the Securities Exchange Commission (the "SEC") and Canadian securities regulators. All forward-looking statements contained herein are made as at the date hereof and MAG Silver undertakes no obligation to update the forward-looking statements contained herein. There is no certainty that any forward-looking statement will come to pass, and investors should not place undue reliance upon forward-looking statements.

本新聞稿包括某些陳述,這些陳述可能被視爲1995年《美國私人證券訴訟改革法》所指的 “前瞻性陳述” 或適用的加拿大證券法所指的 “前瞻性信息”(統稱爲 “前瞻性陳述”)。本新聞稿中的前瞻性陳述包括有關其成立NCIB和加入ASPP的意向、NCIB的原因、在NCIB和ASPP下購買的時間和金額以及取消在NCIB下購買的普通股的聲明。前瞻性陳述通常使用 “尋求”、“預測”、“計劃”、“繼續”、“估計”、“預期”、“可能”、“將”、“項目”、“預測”、“潛在”、“目標”、“打算”、“可能”、“可能”、“應該”、“相信” 等詞語來識別,但並非總是如此。這些陳述涉及已知和未知的風險、不確定性和其他因素,這些因素可能導致實際結果或事件與此類前瞻性陳述中的預期存在重大差異。儘管MAG認爲此類前瞻性陳述中表達的預期是基於合理的假設,但此類陳述並不能保證未來的業績,實際業績或發展可能與前瞻性陳述中的業績或發展存在重大差異。可能導致實際業績與本文所述前瞻性陳述存在重大差異的因素包括但不限於適用法律的變化、資本和融資的持續可用性、總體經濟、市場或商業狀況、政治風險、貨幣風險和資本成本通脹。此外,前瞻性陳述受各種風險影響,包括MAG Silver向證券交易委員會(“SEC”)和加拿大證券監管機構提交的文件中披露的風險。此處包含的所有前瞻性陳述均截至本文發佈之日作出,MAG Silver沒有義務更新此處包含的前瞻性陳述。不確定是否會出現任何前瞻性陳述,投資者不應過分依賴前瞻性陳述。

The annual information form of the Company dated March 27, 2024 and other documents filed by it from time to time with securities regulatory authorities describe in greater detail the risks, uncertainties, material assumptions and other factors that could influence actual results and such factors are incorporated herein by reference. Copies of these documents are available under our profile on SEDAR+ at www.sedarplus.ca.

公司於2024年3月27日發佈的年度信息表及其不時向證券監管機構提交的其他文件更詳細地描述了風險、不確定性、重大假設和其他可能影響實際業績的因素,這些因素以引用方式納入此處。這些文件的副本可在我們在SEDAR+上的個人資料下找到,網址爲 www.sedarplus.ca

Please Note: Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedarplus.ca and www.sec.gov.

請注意:我們敦促投資者仔細考慮MAG的年度和季度報告以及其他公開文件中的披露,這些文件可通過互聯網訪問 www.sedarplus.cawww.sec.gov

LEI: 254900LGL904N7F3EL14

LEI: 254900LGL904N7F3EL14

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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