Pan American Silver (PAAS) and Yamana Gold (AUY) provide an update on the status of Pan American’s proposed acquisition of all of the issued and outstanding common shares of Yamana, following the sale by Yamana of its Canadian assets, including certain subsidiaries and partnerships which hold Yamana’s interests in the Canadian Malartic mine, to Agnico Eagle Mines (AEM), all by way of a plan of arrangement under the Canada Business Corporations Act. On March 23, 2023, the Mexican Federal Economic Competition Commission, FECC, approved the Arrangement. All required regulatory, shareholder and court approvals, including the final court order, have now been received and the Arrangement is anticipated to be completed on or about March 31, 2023.
Published first on TheFly
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