Pan American Silver's "Corner Bay" warrants now exercisable by U.S. holders
August 20 2004 - 7:58PM
PR Newswire (US)
Pan American Silver's "Corner Bay" warrants now exercisable by U.S.
holders VANCOUVER, Aug. 20 /PRNewswire-FirstCall/ -- Pan American
Silver Corp. (NASDAQ: PAAS; TSX: PAA) has today filed a prospectus
supplement to its base short form shelf prospectus dated January
26, 2004 with securities commissions in British Columbia, Alberta,
Manitoba and Ontario and a corresponding prospectus supplement with
the United States Securities and Exchange Commission under its
previously filed registration statement which became effective on
January 26, 2004. The purpose of this filing was to register in the
United States the issuance of common shares to U.S. persons upon
the exercise of the approximately 3.8 million warrants of the
Company issued in February 2003 in connection with the Company's
acquisition of Corner Bay Silver Inc. These outstanding warrants
have an exercise price of Cdn$12.00 and expire on February 20,
2008. The Company does not intend to utilize these filings or any
supplements thereto in connection with any share issuance other
than upon the exercise of these warrants by U.S. holders. These
filings allow the Company to make offerings of up to Cdn$45,819,960
million of common shares upon the exercise of the above warrants up
to February 26, 2006 to potential purchasers in the filing
provinces and the United States. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state. A copy of the prospectus may be obtained from the Company's
Vice-President, Corporate Relations at the address set out below.
For Further Information Contact: Brenda Radies, Vice-President
Corporate Relations (604) 684-1175 DATASOURCE: Pan American Silver
Corp. CONTACT: Brenda Radies, Vice-President Corporate Relations,
(604) 684-1175
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