Fresnillo continues to buy MAG Silver shares

By Angela McDaniels

Tacoma, Wash., Oct. 9 - MAG Silver Corp. investors led by Fresnillo plc increased their stake in the company to 19.8% from 14.7% with the purchase of 2,512,600 shares of common stock on Oct. 7.

The shares were priced from C$4.85 to C$5.00 each, according to a schedule 13D filed with the Securities and Exchange Commission.

The reporting persons beneficially own 9,746,193 shares of the Vancouver, B.C., silver mining company.

On Oct. 2, the investors 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.

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