MAG Reports NYSE MKT Ticker Change and AGSM Results
Vancouver, BC -- MAG Silver Corp. (TSX:MAG; NYSE MKT:MVG) ("MAG" or the "Company") announced today that the Company will change the ticker symbol of its common shares listed on the New York Stock Exchange from MVG to MAG effective Monday, June 27, 2016. The Company will then trade on both the TSX and NYSE MKT as MAG.
The Company also would like to report that at its annual general and special meeting (the "AGSM") held on June 15, 2016, MAG's shareholders approved by majority: to elect all eight directors standing for re-election; to re-appoint Deloitte LLP as the Company's auditor; and to adopt the new Shareholder Rights Plan.
Detailed results of the votes held by ballot at the AGSM are set out below.
|Nominee||Total Votes Cast||Total Votes Cast For||Total Votes Cast Against||Votes Withheld||% For||% Against||% Withheld|
|Peter D. Barnes||50,779,998||50,746,573||0||33,425||99.93||0.00||0.07|
|Richard P. Clark||50,779,998||50,743,976||0||36,022||99.93||0.00||0.07|
|Richard M. Colterjohn||50,779,998||50,742,026||0||37,972||99.93||0.00||0.07|
|Jill D. Leversage||50,779,998||50,740,676||0||39,322||99.92||0.00||0.08|
|Daniel T. MacInnis||50,779,998||50,745,028||0||34,970||99.93||0.00||0.07|
|George N. Paspalas||50,779,998||50,743,623||0||36,375||99.93||0.00||0.07|
|Jonathan A. Rubenstein||50,779,998||49,160,566||0||1,619,432||96.81||0.00||3.19|
|Derek C. White||50,779,998||50,731,426||0||48,572||99.90||0.00||0.10|
|Shareholder Rights Plan||60,526,191||46,320,858||14,205,333||0||76.53||23.47||0.00|
George Paspalas, CEO and President of MAG Silver Corp., extends his thanks to the shareholders of the Company for their continued support.
About MAG Silver Corp. (www.magsilver.com)
MAG is focused on advancing and exploring high grade district scale projects located within the Mexican Silver Belt. Our mission is to become one of the premier companies in the silver mining industry. Currently, we are developing the underground decline towards the high grade Valdecañas and Juanicipio silver veins in Zacatecas State, all within the joint venture between MAG Silver (44%) and Fresnillo PLC (56%). In addition, ongoing exploration continues within the Juanicipio joint venture, while the Company concurrently works on regaining surface access to our 100% owned Cinco de Mayo property in Chihuahua state.
On behalf of the Board of
MAG SILVER CORP.
President & CEO
For further information on behalf of MAG Silver Corp.
Contact: Michael J. Curlook, VP Investor Relations and Communications
Neither the Toronto Stock Exchange nor the NYSE MKT has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, changes in mineral production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions, political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including that data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment. The reader is referred to the Company's filings with the SEC and Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward looking statement will come to pass and investors should not place undue reliance upon forward-looking statements.
Please Note: Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com and www.sec.gov/edgar/searchedgar/companysearch.html EDGAR.