03:35 PM EST - First Majestic Silver Corp. : announced that it and Silvemex Resources Inc. entered into a definitive agreement pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of Silvermex for a consideration of 0.0355 common shares of First Majestic and $0.0001 in cash per common share of Silvermex. The offer values Silvemex at approximately $0.60 per share, representing a premium of approximately 33% to the closing price of Silvermex as at April 2, and approximately 43% to the 30-day volume weighted average price. First Majestic Silver Corp.
shares T.FR are trading down $0.47 at $16.44.
