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Last Post: 8/18/2016 2:48:52 PM - Followers: 15 - Board type: Free - Posts Today: 0

First Majestic Completes Acquisition of Silvercrest
October 1st, 2015


http://www.firstmajestic.com/en/news/first-majestic-completes-acquisition-of-silvercrest

VANCOUVER, BC, CANADA – First Majestic Silver Corp. (“First Majestic”) and SilverCrest Mines Inc. (“SilverCrest”) are pleased to announce the completion of the plan of arrangement (the “Arrangement”) previously announced in the joint news release of First Majestic and SilverCrest dated July 27, 2015.

Under the arrangement, which took effect as of 12:01 a.m. (Vancouver time) this morning, First Majestic has acquired all of the issued and outstanding common shares of SilverCrest. Shareholders of SilverCrest will receive 0.2769 First Majestic shares and CDN$0.0001 for each share of SilverCrest held. In addition, shareholders of SilverCrest will receive 0.1667 shares in a newly formed company which will hold certain exploration assets currently held by SilverCrest and First Majestic.

Keith Neumeyer, President and CEO of First Majestic said, “With this closing, First Majestic is integrating a well-built, low-cost, profitable silver mine into its large portfolio of operating mines. The Santa Elena Silver Mine, becoming our sixth mine in Mexico, is projected to increase the Company’s total production by approximately 5 million silver equivalent ounces per year. We are very excited to have this free cash flowing mine added to our portfolio.”

“Over the coming quarters, we will be communicating our plan for Santa Elena which will include ways to further reduce operating costs,” continued Mr. Neumeyer. “Finally, I would like to take this opportunity to personally welcome the SilverCrest shareholders into the First Majestic family.”

With the Arrangement now complete, it is expected that SilverCrest’s shares will cease trading and will be delisted from the Toronto Stock Exchange (“TSX”) in approximately 2-3 business days in accordance with the rules of the TSX and will cease trading and be delisted from the New York Stock Exchange MKT before the opening on October 2, 2015.

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#148   Nice update on Yahoo today about Silvercrest! https://finance.yahoo.com/news/sil Cabroncita 08/18/16 02:48:52 PM
#147   merged ????? SVLC mick 11/22/15 05:33:10 PM
#146   DON'T HAVE CORRECT SYMBOL mick 11/07/15 01:31:52 PM
#145   First Majestic Completes Acquisition of Silvercrest Pro-Life 10/21/15 10:38:33 AM
#144   First Majestic Announces Friendly Acquisition of Silvercrest Mines Pro-Life 10/21/15 10:35:43 AM
#143   www.stockscores.com/chart.asp?TickerSymbol=SVLC&TimeRange=180&Interval=d& mick 10/20/15 08:22:18 AM
#142   I say that because nobody sees it. Pro-Life 10/14/15 01:11:27 AM
#141   The invisible inflexion point... the bull is now. Pro-Life 10/14/15 01:08:18 AM
#140   stockcharts.com/c-sc/sc?s=SVLC&p=D&yr=0&mn=6&dy=0&i=p63952698682&a=421394 mick 10/13/15 05:01:06 PM
#139   www.stockta.com/cgi-bin/candle.pl?cobrand=&symb=svlc&size=analysis&suppor mick 10/05/15 11:33:07 PM
#138   stockcharts.com/c-sc/sc?s=SVLC&p=w&b=5&g=1&id=p49531522170 mick 09/26/15 04:32:50 PM
#137   ih.advfn.com/p.php?pid=staticchart&s=SVLC&p=0&t=17&showctype=1&width=336& mick 09/16/15 05:14:04 PM
#136   stockcharts.com/c-sc/sc?s=SVLC&p=D&b=5&g=0&i=p16807577621&r=1403222953921 mick 09/02/15 05:33:20 PM
#135   When is the buy out finalized. WE get jsc52033 08/30/15 05:31:29 PM
#134   SVLC under$1 is a crime. Pro-Life 08/30/15 01:57:28 PM
#133   Ya think... Run on Silver Developing As Demand EXPLODES! Pro-Life 08/29/15 10:13:59 PM
#132   stockcharts.com/c-sc/sc?s=Svlc&p=D&b=21&g=0&i=p69412508847&r=136145733036 mick 08/25/15 02:42:38 PM
#131   Silvercrest Mines Or (SVLC) mick 08/16/15 04:12:16 PM
#130   Very much so. Timothy Smith 08/15/15 05:12:01 PM
#129   nice recovery/ mick 08/15/15 04:16:07 PM
#128   SilverCrest Mines (NYSEMKT:SVLC): Q2 EPS of $0.04 Revenue of Timothy Smith 08/13/15 02:37:45 AM
#127   stockcharts.com/c-sc/sc?s=SVLC&p=D&yr=0&mn=2&dy=0&i=t21771599565&r=13 mick 08/08/15 07:26:23 PM
#126   http://investorshub.advfn.com/boards/getboards.aspx?searchstr=SVLC mick 07/28/15 12:08:44 PM
#125   buy out to cheap in my opinion. jsc52033 07/27/15 02:45:41 PM
#124   First Majestic announces friendly acquisition of Silvercrest Mines mick 07/27/15 11:25:22 AM
#123   Silvercrest Mines Inc. (TSXV:SVL) (SVLC) mick 07/27/15 10:51:23 AM
#122   darn , looks like buyout by mick 07/27/15 10:31:51 AM
#121   stockcharts.com/c-sc/sc?chart=SVLC,uu[900,a]decly[dk][pb200!b300!b400!b50 mick 07/09/15 11:25:28 PM
#120   SVLC becoming dirt cheap now under .90 so THREE-DAY-TRADER 07/08/15 11:08:19 AM
#119   stockcharts.com/c-sc/sc?s=SVLC&p=D&b=3&g=0&i=p28263862263&r=1352978793335 mick 06/30/15 07:46:01 PM
#118   stockcharts.com/c-sc/sc?s=SVLC&p=D&yr=0&mn=2&dy=0&i=t21771599565&r=139258 mick 06/20/15 03:50:48 PM
#117   Silvercrest Mines Or (SVLC) mick 06/10/15 06:02:46 PM
#116   Silvercrest Mines Or (SVLC) mick 05/29/15 08:28:48 PM
#115   ih.advfn.com/p.php?pid=staticchart&s=SVLC&p=0&t=17&showctype=1&width=336& mick 05/20/15 11:50:23 PM
#114   stockcharts.com/c-sc/sc?r=73376&chart=svlc,uu[305,a]dacayaci[pb20!b50][dg mick 05/08/15 06:52:29 PM
#113   Silvercrest Mines Or (SVLC) mick 05/04/15 02:33:29 PM
#112   ih.advfn.com/p.php?pid=staticchart&s=SVLC&p=0&t=17&showctype=1&width=336& mick 04/26/15 11:21:25 AM
#111   Silvercrest Mines Or (SVLC) mick 04/15/15 04:11:55 PM
#110   Yw. Ibox looks fine. This one of favorite fiatschmiat 04/15/15 03:45:05 PM
#109   i sawer your stuff / read them. mick 04/15/15 03:43:28 PM
#108   thank you for updating. how does ibox look ????? mick 04/15/15 03:03:14 PM
#107   http://static.cdn-seekingalpha.com/uploads/2015/3/20/saupload_Naamloos_1.png fiatschmiat 04/15/15 02:49:12 PM
#106   $SVLC recent news/filings mick 04/15/15 02:42:59 PM
#105   next/ SVLC ~ SilverCrest Mines Inc. due diligence report mick 04/15/15 02:40:01 PM
#104   does svlc have their own smelters ????? mick 04/15/15 02:31:46 PM
#103   SilverCrest Mines Inc. (NYSE MKT: SVLC; TSX: SVL) mick 04/15/15 02:28:43 PM
#102   Silvercrest Mines Or (SVLC) mick 04/15/15 02:21:19 PM
#101   SVLC Silvercrest Mines (1.01) flagship property is the the cork 04/14/15 06:30:54 PM
#100   did you or anyone evaluate worth of Silvercrest mick 04/12/15 03:54:00 PM
#99   I bought this under SVLC. eddyimano 04/11/15 01:57:29 PM
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