06:35 AM EDT, 06/03/2024 (MT Newswires) -- MAG Silver ( MAG ) over the weekend said Canadian regulators gave the green light for the company's final short form base shelf prospectus to offer nearly US$250 million in securities for the 25 months that the prospectus remains effective.

The company said it currently has no plans to sell securities as part of the shelf prospectus, which it filed to make sure it has financial flexibility in the future if needed.

An eventual offering could include any combination of common shares, preferred shares, debt securities, subscription receipts, units, and warrants.

On Friday, the company's stock slipped 0.8% in Canada and 0.5% in the US.