Silver Investing News » First Majestic Closes $21.2M Financing

First Majestic Closes $21.2M Financing

March 5, 2009 @ 10:08 am In Silver Company News

First Majestic Silver ^[1] (TSE:FR) announced today that they have closed the financing they announced on Feb. 19. CIBC World Markets, Blackmont Capital, GMP Securities, and Thomas Weisel Partners have invested over $21 million Canadian.

The company said that the majority of the proceeds will be used for mill construction and mine improvements at the Company's La Encantada Silver Mine.

The full release is available at the First Majestic web site ^[2].

Article printed from Silver Investing News: http://silverinvestingnews.com

URL to article: http://silverinvestingnews.com/1149/first-majestic-closes-212m-financing.html

URLs in this post:

[1] First Majestic Silver: http://silverinvestingnews.com/286/first-majestic-silver-corp-trusted-to-deliver-committed-to-growth.html

[2] release is available at the First Majestic web site: http://www.firstmajestic.com/s/NewsReleases.asp?ReportID=340493&_Type=News-Releases&_Title=Closing-of-21.2-Million-Offering