Pan American Silver Corp. – Early Warning Report

http://www.stockhouse.com/news/press-releases/2016/12/27/pan-american-silver-corp-early-warning-report

VANCOUVER, Dec. 27, 2016 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAA) (“Pan American” or the “Company”) has acquired ownership and control of an additional 10,000,000 common shares of Maverix Metals Inc. (TSXV: MMX) (“Maverix”) through the exercise of 10,000,000 previously acquired common share purchase warrants with an exercise price of US$0.546 per common share (the “Common Shares”) on December 23, 2016, for gross proceeds to Maverix of US$5,460,000 (the “Warrant Exercise”). Pan American has also acquired ownership and control of an additional 6,500,000 Maverix common share purchase warrants with an exercise price of US$1.204 per common share of Maverix, such warrants expiring on July 8, 2021 (“Replacement Warrants”).  The Warrant Exercise and the issuance of the Replacement Warrants were carried out as part of an early warrant exercise incentive arrangement with Pan American in connection with a transaction between Maverix and Gold Fields Netherlands Services BV and certain of its affiliates, which closed on December 23, 2016.  The Company continues to hold 10,000,000 previously acquired common share purchase warrants exercisable for US$0.78 per common share expiring in July 2021 (“Existing Warrants”).

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