Tahoe Receives British Columbia Court Approval for Plan of Arrangement with Pan American Silver
January 11 2019 - 1:00PM
Business Wire
Tahoe Resources Inc. (“Tahoe”) (TSX: THO) (NYSE: TAHO) is
pleased to announce that earlier today the Supreme Court of British
Columbia issued its final order approving the proposed transaction
(the “Arrangement”) whereby Pan American Silver Corp. (“Pan
American”) will acquire all of the issued and outstanding shares of
Tahoe.
Both Tahoe and Pan American shareholders approved the
Arrangement at their respective special meetings held earlier this
week. Subject to the satisfaction or waiver of all conditions
precedent to the Arrangement, including receipt of approval from
the Mexican Federal Economic Competition Commission, the
Arrangement is anticipated to be completed on or about February 26,
2019.
About Tahoe Resources Inc.
Tahoe Resources is a mid-tier precious metals company with a
diverse portfolio of mines and projects in Canada, Guatemala and
Peru. Tahoe is led by experienced mining professionals dedicated to
creating sustainable value for all of its stakeholders through
responsible mining. The company is listed on the TSX (“THO”) and
NYSE (“TAHO”) and is a member of the S&P/TSX Composite, the TSX
Global Mining indices and the Russell 2000 on the NYSE.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains “forward-looking statements” within
the meaning of Section 27A of the U.S. Securities Act, Section 21E
of the U.S. Exchange Act, or the U.S. Private Securities Litigation
Reform Act of 1995 and “forward-looking information” within the
meaning of applicable Canadian securities legislation
(forward-looking information and forward-looking statements being
collectively herein after referred to as “forward-looking
statements”). These forward-looking statements include but are not
limited to statements and information concerning receipt of
approval of the Mexican Federal Economic Competition Commission and
the anticipated closing date of the Arrangement.
These forward-looking statements are based on the beliefs of
Tahoe’s management, as well as on assumptions, which management
believes to be reasonable based on information currently available
at the time such statements were made. However, there can be no
assurance that the forward-looking statements will prove to be
accurate. Such assumptions and factors include, among other things,
the satisfaction of the terms and conditions of the Arrangement,
including the receipt of the required governmental and regulatory
approvals and consents.
By their nature, forward-looking statements are based on
assumptions and involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of Tahoe or Pan American to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Forward-looking
statements are subject to a variety of risks, uncertainties and
other factors which could cause actual events or results to differ
from those expressed or implied by forward-looking statements,
including, without limitation: the Arrangement Agreement may be
terminated in certain circumstances; Tahoe will incur costs even if
the Arrangement is not completed, and may also be required to pay a
termination fee to Pan American; risks related to the diversion of
management time on the Arrangement; risks related to the completion
of the Arrangement having a potential adverse effect on the market
price of Pan American shares; changes in applicable laws and
compliance with government regulation; risks related to the timing
and possible outcome of pending or threatened litigation and the
risk of unexpected litigation; risks related to political
developments and policy shifts; and risks related to community and
non-governmental actions.
Some of the important risks and uncertainties that could affect
forward-looking statements are described further in the management
information circular of Tahoe dated December 4, 2018 and under the
heading “Risks Related to Tahoe’s Business” in Tahoe’s most recent
Form 40-F and annual information form filed with the United States
SEC and Canadian provincial securities regulatory authorities,
respectively, and included in the management’s discussion and
analysis for the nine months ended September 30, 2018. Although
Tahoe has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. These
forward-looking statements are made as of the date of this news
release and other than as required by applicable securities laws,
Tahoe assumes no obligation to update or revise them to reflect new
events or circumstances, except to the extent required by
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190111005391/en/
Alexandra Barrows, Vice President Investor RelationsTahoe
Resourcesinvestors@tahoeresources.com+1.775.448.5812
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