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Tue Feb 12, 2002
Pan American Silver Files Preliminary Short Form Shelf Prospectus
Pan American Silver Corp. (NASDAQ: PAAS; TSE: PAA) has today filed a preliminary short form shelf prospectus with the securities commissions in British Columbia, Alberta, Manitoba, Ontario and Quebec, and a corresponding registration statement with the United States Securities and Exchange Commission. These filings, when made final, will allow the Company to make common share offerings during the next 25 months of up to US$25 million on similar terms to potential purchasers anywhere in these provinces and the United States. The size, nature and timing of any offerings of such common shares will be based on development of the Company's projects and on general market conditions. The Company's previous shelf prospectus filed in July 1999, expired in July 2001.
A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
A copy of the prospectus may be obtained from:
Pan American Silver Corp.,
1500-625 Howe Street,
Vancouver, British Columbia,
Canada
V6C 2T6,
Attention: VP Corporate Relations.
Anthony Hawkshaw, Chief Financial Officer
(604) 684-1175
www.panamericansilver.com |
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