VANCOUVER, Jan. 11, 2019 /CNW/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American") is pleased to announce that Tahoe Resources Inc. ("Tahoe") today received a final order of the Supreme Court of British Columbia approving the previously announced plan of arrangement (the "Arrangement") pursuant to which Pan American will acquire all of the issued and outstanding shares of Tahoe.
Both Pan American and Tahoe shareholders approved the Arrangement at their respective special meetings held earlier this week. The Arrangement is expected to be completed on or about February 26, 2019, subject to customary closing conditions, and following authorization from the Mexican Federal Economic Competition Commission.
Further information on the Arrangement is available on Pan American's website at: www.panamericansilver.com/investors/tahoe-transaction.
About Pan American Silver
Pan American is the world's second largest primary silver producer, providing enhanced exposure to silver through a diversified portfolio of assets, large reserves and growing production. We own and operate six mines in Mexico, Peru, Argentina and Bolivia. Pan American maintains a strong balance sheet, has an established management team with proven operating expertise, and is committed to responsible development. Founded in 1994, Pan American is headquartered in Vancouver, B.C. and our shares trade on NASDAQ and the Toronto Stock Exchange under the symbol "PAAS".
For more information, visit: www.panamericansilver.com
Cautionary Note Regarding Forward-Looking Statements and Information
Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to the receipt and timing of authorization from the Mexican Federal Economic Competition Commission and the anticipated completion date of the Arrangement. Etc. etc..