FIRST MAJESTIC SILVER CORP.
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By:
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/s/ Connie Lillico
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Connie Lillico
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Corporate Secretary
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February 15, 2018
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Item 1.
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Name and Address of Company
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FIRST MAJESTIC SILVER CORP. (the “Company”)
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1800 – 925 West Georgia Street
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Vancouver, BC V6C 3L2 CANADA
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Telephone: (604) 688-3033
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Facsimile: (604) 639-8873
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Item 2.
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Date of Material Change
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February 15, 2018
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Item 3.
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News Release
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News release dated February 15, 2018 was disseminated through the services of Nasdaq and subsequently filed on SEDAR.
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Item 4.
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Summary of Material Change
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On February 15, 2018 First Majestic announced the issuance of US$6.5 million aggregate principal amount of 1.875% unsecured convertible senior notes due 2023 (the “
Over-Allotment Notes
”) pursuant to the exercise in part of the over-allotment option granted to the initial purchasers in connection with the previously announced offering of US$150 million aggregate principal amount of 1.875% unsecured convertible senior notes due 2023 (the “
Initial Notes
”), which closed on January 29, 2018.
The Over-Allotment Notes have the same terms as the Initial Notes, including an initial conversion rate of 104.3297 common shares (“
Shares
”) per US$1,000 principal amount of Over-Allotment Notes, equivalent to an initial conversion price of approximately US$9.59 per Share.
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Item 5.
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Full Description of Material Change
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5.1
Full Description of Material Change
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On February 15, 2018 First Majestic announced the issuance of the Over-Allotment Notes pursuant to the exercise in part of the over-allotment option granted to the initial purchasers in connection with the previously announced offering of the Initial Notes, which closed on January 29, 2018.
The Over-Allotment Notes have the same terms as the Initial Notes, including an initial conversion rate of 104.3297 Shares per US$1,000 principal amount of Over-Allotment Notes, equivalent to an initial conversion price of approximately US$9.59 per Share.
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5.2
Disclosure for Restructuring Transactions
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Not applicable.
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Item 6.
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Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
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Not applicable
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Item 7.
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Omitted Information
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Not applicable.
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Item 8.
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Executive Officer
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Keith Neumeyer, President & CEO
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Telephone: (604) 688-3033 Facsimile: (604) 639-8873
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Item 9.
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Date of Report
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February 15, 2018
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