Pan American Silver announced that at its special meeting of shareholders held earlier today, shareholders of Pan American overwhelmingly approved the resolution to authorize the issuance of up to 156,923,287 common shares of Pan American in respect of the arrangement involving Pan American, Agnico Eagle Mines Limited and Yamana Gold under the Canada Business Corporations Act. In addition to the approval by Pan American Shareholders, shareholders of Yamana approved the Arrangement at the special meeting of Yamana Shareholders held today. The Arrangement is expected to be completed within the Q1, subject to approval by the Ontario Superior Court of Justice, approval from the Mexican Federal Economic Competition Commission and satisfaction or waiver of certain other closing conditions.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PAAS:
- Pan American Silver put volume heavy and directionally bearish
- Pan American Silver reports FY22 silver production of 18.5M oz
- Proxy firms urge shareholders to vote for Yamana Gold, Pan American Silver deal
- Leading Proxy Advisory Firms, ISS and Glass Lewis, Support the Proposed Arrangement with Yamana and Agnico Eagle
- Pan American Silver upgraded to Outperform from Sector Perform at RBC Capital