MAG Silver (TSE:MAG) has released an update.
MAG Silver Corp. has announced the filing of a preliminary base shelf prospectus, signaling its plan to potentially offer up to US$250 million in various securities over a 25-month period. The offerings, which could include common shares, preferred shares, debt securities, and more, will be detailed in future prospectus supplements, dependent on market conditions at the time of sale. This strategic move is aimed at providing the company with flexible financing options to support its growth-oriented precious metals projects in the Americas.
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