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First Majestic to raise C$78m

First Majestic to raise C$78m
Mining News Pro - Publically traded mining company First Majestic has announced that it will raise C$78-million through a bought deal finance investment by Canadian investor Eric Sprott.
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The bought deal finance includes five-million common shares at C$15.60 a share.

The proceeds would be used to develop and, or improve the company`s existing mines and to add to the company`s working capital.


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