sc13dza
 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
MAG Silver Corp.
 
(Name of Issuer)
Common Shares, without par value
 
(Title of Class of Securities)
55903Q 104
 
(CUSIP Number)
Ing. Jaime Lomelín
Fresnillo plc
Corporativo BAL, 4th Floor
Moliere 222, Col. Los Morales, Seccion Polanco
11540 Mexico, D.F., Mexico
Telephone: (52 55) 5279-3000
 
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
October 7, 2008
 
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 

 

                     
CUSIP No.
  
55903Q 104 
   Page  
2 
   of   
7 

 

           
1   NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    Fresnillo plc
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS*
   
  WC (please see Item 3)
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United Kingdom
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   9,314,877
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    9,314,877
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  9,314,877
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  Approximately 19.0%
     
14   TYPE OF REPORTING PERSON*
   
  CO
*SEE INSTRUCTIONS

 

                     
CUSIP No.
  
55903Q 104 
   Page  
3 
   of   
7 

 

           
1   NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    Industrias Peñoles, S.A.B. de C.V.
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS*
   
  WC (please see Item 3)
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United Mexican States (Mexico)
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   9,746,193
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    9,746,193
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  9,746,193
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  Approximately 19.8%
     
14   TYPE OF REPORTING PERSON*
   
  CO
*SEE INSTRUCTIONS

 

                     
CUSIP No.
  
55903Q 104 
   Page  
4 
   of   
7 

 

           
1   NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Minas Peñoles, S.A. de C.V.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS*
   
  WC (please see Item 3)
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United Mexican States (Mexico)
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   185,600
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    185,600
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  185,600
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  Approximately 0.4%
     
14   TYPE OF REPORTING PERSON*
   
  CO
*SEE INSTRUCTIONS

 

                     
CUSIP No.
  
55903Q 104 
   Page  
5 
   of   
7 

 

           
1   NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    Lic. Alberto Baillères
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS*
   
  OO (please see Item 3)
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United Mexican States (Mexico)
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   9,746,193
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    9,746,193
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  9,746,193
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  Approximately 19.8%
     
14   TYPE OF REPORTING PERSON*
   
  IN
*SEE INSTRUCTIONS

 

     This Amendment No. 1 (this “Amendment”) amends and supplements the statement on Schedule 13D filed by the Reporting Persons with the Securities and Exchange Commission (the “Commission”) on October 2, 2008 (the “Original Schedule 13D”). Unless otherwise stated herein, the Original Schedule 13D remains in full force and effect. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Original Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
     Item 3 of the Original Schedule 13D is hereby amended to add the following after the fourth paragraph of Item 3 in the Original Schedule 13D:
     On October 7, 2008, Fresnillo purchased an aggregate of 2,512,600 Shares for total consideration of Canadian$12,561,994.96. The acquisition was funded by working capital.
Item 5. Interest in Securities of the Issuer.
     Items 5(a) and (b) of the Original Schedule 13D are hereby amended and restated in their entirety as follows:
     (a) - (b) The Reporting Persons beneficially own an aggregate of 9,746,193 Shares, which represents approximately 19.8% of the outstanding Shares (based on the number of Shares outstanding as contained in the Issuer’s most recently available filing with the Securities and Exchange Commission). See Schedule 1 to the Original Schedule 13D for the aggregate number and percentage of Shares beneficially owned by each Listed Person. The information set forth in Items 7 through 11 of the cover pages hereto is incorporated herein by reference. See Schedule 1 to the Original Schedule 13D for the information applicable to the Listed Persons.
     Item 5(c) of the Original Schedule 13D is hereby amended to add the following:
     The following purchases of Shares have been made by Fresnillo since the date the Original Schedule 13D was filed with the Commission:
               
              Description of
Date   Shares Acquired   Price Per Share   Transaction
 
October 7, 2008   2,300     Canadian$4.85   Open market purchase
October 7, 2008   900     Canadian$4.87   Open market purchase
October 7, 2008   2,000     Canadian$4.89   Open market purchase
October 7, 2008   1,000     Canadian$4.90   Open market purchase
October 7, 2008   200     Canadian$4.93   Open market purchase
October 7, 2008   6,200     Canadian$4.95   Open market purchase
October 7, 2008   2,500,000     Canadian$5.00   Open market purchase
     The transactions listed above were the only transactions in the Shares effected since the date the Original Schedule 13D was filed with the Commission by the Reporting Persons, and, to the knowledge of the Reporting Persons, the individuals set forth on Schedule 1 of the Original Schedule 13D.
Item 7. Material to Be Filed as Exhibits.
  99.1   Joint Filing Statement (incorporated by reference to Exhibit 99.1 to the Original Schedule 13D filed with the Commission on October 2, 2008).

6 

 

SIGNATURES
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.
     Dated: October 9, 2008
         
  Fresnillo plc
 		  
  By:   /s/ Ing. Jaime Lomelín    
    Ing. Jaime Lomelín   
    Chief Executive Officer   
 
  Industrias Peñoles, S.A.B. de C.V.
 		  
  By:   /s/ Lic. Leopoldo Alarcón    
    Lic. Leopoldo Alarcón   
    Chief Financial Officer   
 
  Minas Peñoles, S.A. de C.V.
 		  
  By:   /s/ Lic. Leopoldo Alarcón    
    Lic. Leopoldo Alarcón   
    Chief Financial Officer   
 
  Lic. Alberto Baillères
 		  
  /s/ Lic. Alberto Bailléres    
     
     
 

 

 

EXHIBIT INDEX
99.1   Joint Filing Statement (incorporated by reference to Exhibit 99.1 to the Original Schedule 13D filed with the Commission on October 2, 2008).