 |
Fri Jul 18, 2003
Pan American Silver's Shelf Prospectus Effective
Vancouver, Canada - Pan American Silver Corp. (NASDAQ: PAAS; TSE: PAA) announced today that a final short form base shelf prospectus was filed today with securities commissions in British Columbia, Alberta, Manitoba and Ontario and receipted. A corresponding registration statement filed with the United States Securities and Exchange Commission also has become effective. The shelf prospectus allows the Company to make offerings of common shares, warrants, debt securities or any combination thereof of up to US$100 million during the next 25 months on similar terms to potential purchasers anywhere in these provinces and the United States. The proceeds from any such offerings will be used by the Company to fund development of the Alamo Dorado project, expansion of the Huaron mine, future capital, development and exploration programs, working capital requirements and for other corporate purposes.
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 same 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 the Company's Vice-President of Corporate Relations.
For Further Information Contact:
Geoff Burns, President
(604) 684-1175
Brenda Radies, Vice-President Corporate Relations
(604) 806-3158
www.panamericansilver.com |
|
