Its not listed yet but soon will be... :)
First Majestic special warrant distribution
2007-07-26 12:28 MT - News Release
Mr. Keith Neumeyer reports
DEEMED EXERCISE OF SPECIAL WARRANTS
First Majestic Silver Corp. has obtained a final receipt for the short form prospectus filed in connection with the company's private placement of 6,883,000 special warrants which closed on May 10, 2007. The prospectus qualifies the distribution of 6,883,000 common shares and 3,441,500 common share purchase warrants of the company issuable on exercise or deemed exercise of the special warrants. The special warrants were issued at a price of $5 per special warrant for gross proceeds to the company of $34,415,000 and the financing was conducted through Cormark Securities Inc. (formerly Sprott Securities Inc.), CIBC World Markets Inc. (as co-lead underwriters) and Blackmont Capital Inc.
The special warrants will be deemed to be exercised on July 30, 2007, without further consideration, for one common share and one-half of one common share purchase warrant. Holders of the special warrants will be sent certificates confirming the common shares and common share purchase warrants by the company's transfer agent, Pacific Corporate Trust Company, and will also receive a copy of the short form prospectus. Each whole common share purchase warrant will be exercisable at a price of $6.50 until Nov. 10, 2008.
The company has obtained conditional approval from the TSX Venture Exchange to list the warrants on the exchange. Listing of the warrants is subject to the company fulfilling all of the requirements of the exchange. Upon listing, the warrants will be posted for trading under the symbol FR.WT.
