MSV Minco Silver Corp

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED SATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAW.


Minco Silver Corporation ("Minco Silver" or the "Company")
(TSX:MSV)(OTCQX:MISVF)(DBFrankfurt:XYD) is pleased to announce the completion of
the previously announced underwritten public offering of 7,600,000 common shares
of the Company at $5.95 per share, for total gross proceeds of $45.22 million
(the "Offering"). The Offering was qualified by a short form prospectus dated
February 22, 2011 filed by the Company with the securities regulatory
authorities in each of the Provinces of Canada other than Quebec.


The Offering was underwritten by a syndicate of underwriters led by BMO Capital
Markets and including Haywood Securities Inc., Raymond James Ltd. and Union
Securities Ltd. (collectively, the "Underwriters"). In consideration for their
services, the Underwriters received a cash commission equal to 5.5% of the gross
proceeds of the Offering and an aggregate 418,000 compensation options. Each
compensation option allows the Underwriters to purchase one common share of the
Company at $5.95 for a period of 18 months following the closing of the
Offering.


"We are very pleased to complete this financing," commented Dr. Ken Cai,
Chairman & CEO of the Company. "With the net proceeds of the Offering, together
with the RMB 300 million (approximately $44.45 million) debt facility commitment
from Industrial and Commercial Bank of China previously announced on September
8, 2010, Minco Silver is fully funded for its planned construction of the Fuwan
mine, upon receipt of the pertinent government approvals and/or permits."


The securities described herein have not been and will not be registered under
the United States Securities Act of 1933, as amended, or the securities laws of
any state and may not be offered or sold in the United States absent an
exemption from registration.


About Minco Silver

Minco Silver Corporation is a company focusing on the acquisition and
development of silver dominant projects. The Company owns a 90% interest in its
flagship project, the Fuwan Silver Deposit, situated along the northeast margin
of the highly prospective Fuwan Silver Belt. 


ON BEHALF OF THE BOARD

Dr. Ken Z. Cai, Chairman & CEO

Certain terms or statements made that are not historical facts, such as
anticipated advancement of mineral properties or programs, productions, sales of
assets, exploration plans or results, costs, prices, performance are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, and involve a number of risks and uncertainties
that could cause actual results to differ materially from those projected,
anticipated, expected or implied. These risks and uncertainties include, but are
not limited to; metals price volatility, volatility of metals production,
project development risks and ability to raise financing. The Company undertakes
no obligation and has no intention of updating forward-looking statements.

Minco Silver (TSX:MSV)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Minco Silver (TSX:MSV)
Historical Stock Chart
Von Jul 2023 bis Jul 2024