TORONTO, March 28,
2023 /CNW/ - Subject to the completion of the plan of
arrangement between Pan American Silver Corp (TSX: PAAS), Agnico
Eagle Mines Limited (TSX: AEM) and Yamana Gold (TSX: YRI) resulting
in the combination of the companies. Each share of Yamana Gold will
be exchanged for 0.1598 Pan American Silver shares and 0.0376
shares of Agnico Eagle Mines and US$1.0406 in cash.
As a result of closing conditions being met, Yamana Gold's
shares will be removed from the S&P/TSX Composite Index
prior to the open of trading on April 4,
2023. The shares outstanding of Pan American Silver and
Agnico Eagle Mines will be increased at the same time to reflect
the issuance of shares.
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