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VANCOUVER, British Columbia, March 12, 2021 (GLOBE NEWSWIRE)
First Majestic Silver Corp. ( First Majestic ) (TSX:FR) (NYSE:AG) (Frankfurt:FMV) and Sprott Mining Inc. ( Sprott Mining ) are pleased to announce that they have entered into a definitive agreement (the Share Purchase Agreement ) whereby First Majestic will acquire all of the issued and outstanding common shares of Jerritt Canyon Canada Ltd. ( Jerritt Canyon ) from Sprott Mining (the Acquisition ) for $470 million in shares of First Majestic plus 5 million First Majestic share purchase warrants. Concurrent with the Acquisition, Eric Sprott, President of Sprott Mining, will complete a $30 million private placement investment in First Majestic.
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