Medgold Resources (MED-V) Feb 8, '17 Fortuna Silver Mines (FVI-T) announces that on February 7, 2017 it acquired 10.0 million common shares of Medgold Resources of 200 Burrard Street, Suite 650, Vancouver, BC V6C 3L6, at a price of C$0.15 per Common Share. The Common Shares were acquired for an aggregate purchase price of C$1.5 million pursuant to the exercise of a common share purchase warrant (the "Warrant") acquired by Fortuna in a private placement.
Immediately following this exercise, Fortuna owns 20.0 million common shares of Medgold, representing 23.97% of the issued and outstanding common shares of Medgold, and owns no Warrants. Immediately prior to this exercise, Fortuna owned 10.0 million common shares representing 13.62% of the issued and outstanding common shares of Medgold, and 10.0 million Warrants.
The Common Shares were acquired by Fortuna for investment purposes, and depending on market and other conditions, it may from time to time in the future increase or decrease its ownership, control or direction over securities of Medgold through market transactions, private agreements, or otherwise. Fortuna has filed on www.sedar.com a report in accordance with NI 62-103, and a copy of the report may be obtained by contacting Sally Whittall, the Corporate Secretary of Fortuna, at 604-484-4085.
About Fortuna Silver Mines Inc.
Fortuna is a growth oriented, precious metals producer focused on mining opportunities in Latin America. Our primary assets are the Caylloma silver mine in southern Peru, the San Jose silver-gold mine in Mexico and the Lindero gold project in Argentina. The company is selectively pursuing acquisition opportunities throughout the Americas. For more information, please visit our website at www.fortunasilver.com.
ON BEHALF OF THE BOARD
Jorge A. Ganoza
President, CEO and Director
Fortuna Silver Mines Inc.
Trading symbols:FVI-T
Investor Relations:
Carlos Baca- T (Peru): +51.1.616.6060, ext. 0 |
