VANCOUVER, Jan. 11, 2019 /CNW/ - Pan American Silver
Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American") is pleased
to announce that Tahoe Resources Inc. ("Tahoe") today received a
final order of the Supreme Court of British Columbia approving the previously
announced plan of arrangement (the "Arrangement") pursuant to which
Pan American will acquire all of the issued and outstanding shares
of Tahoe.
Both Pan American and Tahoe shareholders approved the
Arrangement at their respective special meetings held earlier this
week. The Arrangement is expected to be completed on or about
February 26, 2019, subject to
customary closing conditions, and following authorization from the
Mexican Federal Economic Competition Commission.
Further information on the Arrangement is available on Pan
American's website at:
www.panamericansilver.com/investors/tahoe-transaction.
About Pan American Silver
Pan American is the world's
second largest primary silver producer, providing enhanced exposure
to silver through a diversified portfolio of assets, large reserves
and growing production. We own and operate six mines in
Mexico, Peru, Argentina and Bolivia. Pan American maintains a strong
balance sheet, has an established management team with proven
operating expertise, and is committed to responsible development.
Founded in 1994, Pan American is headquartered in Vancouver, B.C. and our shares trade on NASDAQ
and the Toronto Stock Exchange under the symbol "PAAS".
For more information, visit: www.panamericansilver.com.
Cautionary Note Regarding Forward-Looking Statements and
Information
Certain of the statements and information in this news release
constitute "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable
Canadian provincial securities laws. All statements, other than
statements of historical fact, are forward-looking statements or
information. Forward-looking statements or information in this news
release relate to the receipt and timing of authorization from the
Mexican Federal Economic Competition Commission and the anticipated
completion date of the Arrangement.
These forward-looking statements and information reflect Pan
American's current views with respect to future events and are
necessarily based upon a number of assumptions that, while
considered reasonable by Pan American, are inherently subject to
significant operational, business, economic and regulatory
uncertainties and contingencies. Pan American cautions the
reader that forward-looking statements and information involve
known and unknown risks, uncertainties and other factors that may
cause actual results and developments to differ materially from
those expressed or implied by such forward-looking statements or
information contained in this letter and Pan American has made
assumptions and estimates based on or related to many of these
factors. Among the key factors that could cause actual results to
differ materially from those projected in the forward-looking
information are the following: the ability to consummate the
Arrangement; the ability to obtain requisite regulatory approvals
and the satisfaction of other conditions to the consummation of the
Arrangement on the proposed terms and schedule; changes in general
economic, business and political conditions, including changes in
the financial markets; and changes in applicable laws.
Certain of these factors are identified under the heading "Risk
Factors" in the Circular, and under the caption "Risks Related to
Pan American's Business" in Pan American's most recent form 40-F
and Annual Information Form filed with the United States Securities
and Exchange Commission and Canadian provincial securities
regulatory authorities, respectively. Although Pan American 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 as anticipated, estimated, described or intended.
Investors are cautioned against undue reliance on forward-looking
statements or information. Forward-looking statements and
information are designed to help readers understand management's
current views of our near and longer term prospects and may not be
appropriate for other purposes. Pan American does not intend, nor
does it assume any obligation to update or revise forward-looking
statements or information, whether as a result of new information,
changes in assumptions, future events or otherwise, except to the
extent required by applicable law.
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SOURCE Pan American Silver Corp.