Fortuna Silver Mines Closes US$74.8 Million Bought Deal Financing
Fortuna Silver Mines Closes US$74.8 Million Bought Deal Financing
Vancouver, February 9 , 2017: Fortuna Silver Mines Inc. (“Fortuna” or the “ Company”) (NYSE: FSM)
(TSX: FVI) is pleased to announce that it has completed its previously announced bought deal financing
and has issued 11,873,750 common shares (the “Offered Shares”), including 1,548,750 common shares
that were issued upon the full exercise of the over -allotment option, at US$6.30 per Offered Share for
gross proceeds to the Company of US$74,804,625 (the “ Offering”). The Offering was conducted by a
syndicate of underwriters co-led by Raymond James Ltd., BMO Nesbitt Burns Inc. and Scotia Capital Inc.,
and including CIBC World Markets Inc. and National Bank Financial Inc. (collectively , the
“Underwriters”). The net proceeds from the Offering will be used for general working capital purposes.
The Offered Shares were offered for sale in each of the provinces of Canada by way of a short -form
prospectus (the “Prospectus”) and in the United States pursuant to a registration statement on Form F-
10, as amended (the " Registration Statement"), in accordance with the Multijurisdictional Disclosure
System established between Canada and the United States.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there
be any sale of the Offered Shares in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification of the Offered Shares under the securities laws of that
jurisdiction.
Before you invest in Fortuna, you should read the Prospectus or the Registration Statement, as well as
the other documents that the Company has filed with the securities regulatory authorities, for more
complete information about the Company and the Offering. You may get these documents at no charge
by visiting EDGAR on the SEC website , at www.sec.gov, or on the SEDAR website, at www.sedar.com.
Alternatively, the Company, any Underwriter or any dealer participating in the Offering will arrange to
send you a written Prospectus, or you may request the Prospectus from Sally Whittall, Corporate
Secretary of Fortuna, 650-200 Burrard Street, Vancouver, Canada, V6C 3L6, telephone number (604)
484-4085.
About Fortuna Silver Mines Inc.
Fortuna is a growth oriented precious metals producer focused on mining opportunities in Latin
America. The Company's primary assets are the Caylloma silver mine in southern Peru, the San Jose
silver-gold mine in Mexico and the Lindero gold project in Argentina. The Company is selectively
pursuing acquisition opportunities throughout the Americas and in select other areas.
ON BEHALF OF THE BOARD
Jorge A. Ganoza
President, CEO and Director
Fortuna Silver Mines Inc.
For further information please contact:
Fortuna Investor Relations:
Carlos Baca- T (Peru): +51.1.616.6060, ext. 0
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The Toronto Stock Exchange and the New York Stock Exchange have not reviewed and do not accept
responsibility for the accuracy or adequacy of this news release, which has been prepared by
management.
This news release contains forward looking statements which constitute "forward looking information"
within the meaning of applicable Canadian securities legislation , and "forward looking statements"
within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of
1995 (collectively, " Forward looking Statements "). All statements included herein, other than
statements of historical fact, are Forward looking Statements and are subject to a variety of known and
unknown risks and uncertainties which could cause actual events or results to differ materially from
those reflected in the Forward looking Statements. The Forward looking Statements in this news release
include, without limitation, statements about the use of the proceeds from the Offering. Often, but not
always, these Forward looking Statements can be identified by the use of words such as "estimated",
"potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "planned",
"reflecting", "will", "co ntaining", "remaining", "to be", or statements that events "could" or "should"
occur or be achieved, and similar expressions, including negative variations.
Forward looking S tatements involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to be materially different
from any results, performance or achievements expres sed or implied by the Forward looking
Statements. Such uncertainties and factors include, among others, changes in the Company's plans for
its mines and mineral properties; changes in general economic conditions and financial markets;
changes in prices for silver and other metals; technological and operational hazards in Fortuna's mining
and mine development activities; risks inherent in mineral exploration; uncertainties inherent in the
estimation of mine ral reserves, mineral resources and metal recoveries ; governmental and other
approvals; political unrest or instability in countries where Fortuna is active; labor relations issues; as
well as those factors discussed under "Risk Factors" in the Company's Annual Information Form , the
Prospectus and the Registration Statement. Although the Company has attempted to identify important
factors that could cause actual events, actions or results to differ materially from those described in the
Forward looking Statements, there may be other factors that cause events , actions or results to differ
from those anticipated, estimated or intended.
Fortuna believes that the assumptions and expectations reflected in the F orward looking Statements in
this news release are reasonable, but no assurance can be given that these expectations will prove to be
correct. Forward looking Statements should not be unduly relied upon. These Forward looking
Statements speak only as of the date of this news release, and Fortuna will not necessarily update these
statements unless required to do so by securities laws.