First Majestic Considering Superior Offer from Coeur to Acquire Orko Silver

First Majestic Considering Superior Offer from Coeur to Acquire Orko Silver 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/14/13 -- First
Majestic Silver Corp. ("First Majestic" or the "Company")
(TSX:FR)(NYSE:AG)(FRANKFURT:FMV) announces that it has received a
notice from Orko Silver Corp. ("Orko") that Coeur d'Alene Mines
Corporation ("Coeur") has made an acquisition proposal for all of the
issued and outstanding shares of Orko (the "Coeur Proposal") pursuant
to a plan of arrangement. Orko has further advised First Majestic
that the board of directors of Orko has determined that the Coeur
Proposal constitutes a "Superior Proposal" as defined in the
Arrangement Agreement dated December 16, 2012 between First Majestic
and Orko (the "Arrangement Agreement") and that Orko intends (subject
to First Majestic's right to match the Coeur Proposal) to enter into
an agreement with Coeur to implement the Coeur Proposal. 
Under the Arrangement Agreement, First Majestic has the right, for a
period of five business days from receipt of Orko's notice, to offer
to amend the terms of the Arrangement Agreement. If such amended
First Majestic proposal results in the Coeur Proposal not being a
Superior Proposal, Orko must enter into an agreement with First
Majestic to reflect the amended terms of the transaction and must
recommend that the Orko securityholders approve the amended
transaction with First Majestic. No termination, break or other fee
will be payable by Orko to Coeur in respect of First Majestic's
exercise of its right to match. In the event that First Majestic
elects not to match and if Orko terminates the Arrangement Agreement
in order to enter into an agreement with Coeur then Orko is required
to pay a break fee to First Majestic in the amount of $11.6 million. 
First Majestic is considering its position with respect to the Coeur
Proposal and its matching right and will keep the market apprised of
further developments. 
Keith Neumeyer, President & CEO 
This news release includes certain "Forward-Looking Statements" of
"forward looking information" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and applicable
Canadian securitie
s laws, respectively. When used in this news
release, the words "anticipate", "believe", "estimate", "expect",
"target", "plan", "forecast", "may", "schedule" and similar words or
expressions, identify forward-looking statements or information.
These forward-looking statements or information relate to, among
other things the proposed transaction with Orko Silver Corp. and the
competing proposal for Orko Silver Corp. by Coeur d'Alene Mines
These statements reflect the Company's current views with respect to
future events and are necessarily based upon a number of assumptions
and estimates that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors,
both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance
or achievements that are or may be expressed or implied by such
forward-looking statements or information and the Company has made
assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation: fluctuations in
the spot and forward price of silver, gold, base metals or certain
other commodities (such as natural gas, fuel oil and electricity);
fluctuations in the currency markets (such as the Canadian dollar and
Mexican peso versus the U.S. dollar); changes in national and local
government, legislation, taxation, controls, regulations and
political or economic developments in Canada or Mexico; the Company's
cash flow and availability of alternate sources of capital; operating
or technical difficulties in connection with mining or development
activities; risks and hazards associated with the business of mineral
exploration, development and mining (including environmental hazards,
industrial accidents, unusual or unexpected formations, pressures,
cave-ins and flooding); risks relating to the credit worthiness or
financial condition of suppliers, refiners and other parties with
whom the Company does business; inability to obtain adequate
insurance to cover risks and hazards; and the presence of laws and
regulations that may impose restrictions on mining or development,
including those currently enacted in Mexico; employee relations;
relationships with and claims by local communities and indigenous
populations; availability and increasing costs associated with mining
inputs and labour; the speculative nature of mineral exploration and
development, including the risks of obtaining necessary licenses,
permits and approvals from government authorities; diminishing
quantities or grades of mineral reserves as properties are mined; the
Company's title to properties; and the factors identified under the
caption "Risk Factors" in the Company's Annual Information Form,
under the caption "Risks Relating to First Majestic's Business". 
Investors are cautioned against attributing undue certainty to
forward-looking statements or information. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause
results not to be anticipated, estimated or intended. The Company
does not intend, and does not assume any obligation, to update these
forward-looking statements or information to reflect changes in
assumptions or changes in circumstances or any other events affecting
such statements or information, other than as required by applicable
First Majestic Silver Corp.
Keith Neumeyer
President & CEO
Toll Free: 1.866.529.2807
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