MAG Announces Preliminary Results of Election by Shareholders Regarding Form of Consideration

Core Points - MAG Silver Corp. has announced preliminary results of shareholder elections regarding the form of consideration for the acquisition by Pan American Silver Corp. [1][2] - The Arrangement is expected to close around September 4, 2025, following the satisfaction of customary closing conditions [2][4] - Shareholders had the option to elect between Cash Consideration and Share Consideration, with proration provisions in place [3][4] Election Results - Approximately 1.71% of MAG shareholders elected to receive Cash Consideration, while 30.55% opted for Share Consideration [12] - The remaining 67.74% of shareholders did not make a valid election and will be deemed to have elected for Share Consideration [12] Arrangement Details - The total consideration includes $500 million in cash and the remainder in Pan American Shares, with the possibility of shareholders receiving both forms of consideration [4][11] - Following the completion of the Arrangement, MAG Shares are expected to be delisted from the Toronto Stock Exchange and NYSE American LLC [7] Company Overview - MAG Silver Corp. is a Canadian mining and exploration company focused on high-grade precious metals projects in the Americas [8] - The company holds a 44% interest in the Juanicipio Mine, which is operated by Fresnillo plc [8]