The shareholders of Pan American Silver Corp (TSX: Easter) and may Silver Corp. (TSX: MAG) have agreed to the conditions of a regulation plan resulting in the combination of the two companies. Each share of Pan American Silver will be exchanged for US $ 20.54 in cash or 0.755 shares of Pan American Silver for each Silver share, subject to prioration, so that the aggregated consideration paid to Mag Silver consists of US $ 500 million cash.
In anticipation of the approval of the shareholders and the conclusion of the scheme, Silver Corp may be removed from the S&P/TSX Composite Index prior to the opening of the trade on 4 September 2025. The outstanding shares of Pan American Silver will be increased at the same time to display the issue of shares. Accordingly, the new outstanding shares of Pan American Silver will be increased to 421,926,547 with a lowered IWF of 0.99.
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