MAG Silver Reports 2010 Annual Results

MAG Silver Corp. (TSX:MAG,AMEX:MVG) announced audited financial results for the year 2010.

The press release is quoted as saying:

The Company completed a brokered private placement financing that closed on May 18, 2010, whereby the Company issued 4,603,500 common shares of the Company at a price of $7.65 per share for gross and net proceeds of $35,216,775 and $33,148,722, respectively.

To read the full press release, click here.