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Published on 10/2/2008 in the Prospect News Special Situations Daily.

Fresnillo buys more than 5.5 million shares of MAG Silver

By Lisa Kerner

Charlotte, N.C., Oct. 2 - MAG Silver Corp. investors led by Fresnillo plc reported the purchase of 5,555,500 shares on Sept. 18 through Sept. 20 at prices from C$4.76 to C$5.31 each, according to a schedule 13D filed with the Securities and Exchange Commission.

The investors beneficially own approximately 7.23 million shares, or 14.7%, of the Vancouver, B.C., silver mining company.


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