On September 17, 2020, First Majestic Silver Corp. closed a bought deal prospectus financing with Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially controlled by Mr. Sprott. First Majestic issued 5,000,000 common shares at a price of $15.60 per common share for gross proceeds of $78 million.
Cormark Securities Inc. acted as the underwriter.
Cassels acted for the underwriter.