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Fri May 18, 2001
Pan American Silver - Financing
Pan American Silver Corp. (NASDAQ: PAAS; TSE: PAA) announces that the issue price for the 3 million share equity offering, announced May 15th, will be US$3.00, which is the weighted average closing price of Pan American's shares on the Nasdaq exchange for the 15 days prior to May 18th. National Bank Financial Inc. is acting as lead agent in this fully marketed offering. The shares will be offered under Pan American's existing shelf prospectus dated July 20, 1999.
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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Ross J. Beaty, Chairman or
Rosie Moore, VP Corporate Relations
(604) 684-1175
www.panamericansilver.com
The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from the targeted results. Such risks and uncertainties include those described in the Company's Form 40-F as amended. All amounts are expressed in U.S. dollars. |
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