UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 1, 2014
Commission File Number 001-34984
FIRST
MAJESTIC SILVER CORP.
(Translation of registrant's name into English)
925 West Georgia Street,
Suite 1805, Vancouver BC V6C 3L2
(Address of principal executive offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SUBMITTED HEREWITH
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
FIRST MAJESTIC SILVER CORP. |
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By: |
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/s/ Connie Lillico |
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Connie Lillico |
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Corporate Secretary |
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December 1, 2014 |
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Exhibit 99.1
Supreme Court of Canada Dismisses Appeal Application by Hector Davila Santos
New York – AG
Toronto – FR
Frankfurt – FMV
Mexico – AG
VANCOUVER, Dec. 1, 2014 /CNW/ - FIRST MAJESTIC SILVER CORP. (AG:
NYSE; FR: TSX) (the "Company" or "First Majestic") is pleased to announce that the Supreme Court of Canada
has dismissed the leave to appeal application by Hector Davila Santos ("Davila Santos") and Minerales y Minas Mexicanas,
S.A. de C.V. ("MMM") against the Company.
As previously announced, on April 24, 2013 the Supreme Court of British
Columbia awarded judgment of CDN$96.3 million (USD $85.0 million) in favour of First Majestic in the litigation against Davila
Santos and MMM. The subsequent appeal of this judgment by Davila Santos and MMM was dismissed on June 5, 2014 by the British Columbia
Court of Appeal for failure by Davila Santos and MMM to comply with a court order.
On June 27, 2014, Davila Santos and MMM filed an application for leave
to appeal to the Supreme Court of Canada. On November 27, 2014, the Supreme Court of Canada dismissed their application.
Other than the funds of CDN$14.9 million previously obtained by the
Company, the Company has not received any payment of the trial judgment, leaving the amount of approximately CDN$81.0 million (USD$71.5
million) unpaid. The Company cautions that it may have to take additional legal actions to try to recover this
amount. The outcome of any such proceedings is not presently determinable.
Dollar amounts referred to in judgments are stated in Canadian dollars
and the U.S. dollar equivalents are based on the current exchange rate and subject to change due to currency exchange rate fluctuations,
including changes to U.S. dollar equivalents previously reported.
First Majestic is a mining company focused on silver production in México
and is aggressively pursuing the development of its existing mineral property assets and the pursuit through acquisition of additional
mineral assets which contribute to the Company achieving its corporate growth objectives.
FIRST MAJESTIC SILVER CORP.
"Keith Neumeyer"
Keith Neumeyer, President & CEO
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain "Forward-Looking Statements"
within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.
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:
additional court proceedings and recovery of judgment amounts.
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, the recognition
of Canadian judgments under Mexican law and the insufficiency of the defendants' assets to satisfy the judgment amount.
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 law.
SOURCE First Majestic Silver Corp.
%CIK: 0001308648
For further information: contact info@firstmajestic.com, visit our website
at www.firstmajestic.com or call our toll free number 1.866.529.2807.
CO: First Majestic Silver Corp.
CNW 07:00e 01-DEC-14
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