Pan American Silver and Minefinders Announce Final Court Approval of the Plan of Arrangement
Pan American Silver Corp. (TSX:PAA)(NASDAQ:PAAS) and Minefinders Corporation Ltd. (TSX:MFL)(NYSE Amex:MFN) announce that the Ontario Superior Court of Justice has issued a final order approving the previously announced statutory plan of arrangement between Minefinders and Pan American under the Business Corporations Act (Ontario).
Pursuant to the Arrangement, Pan American will acquire all of the issued and outstanding common shares of Minefinders. As previously announced, on March 26, 2012, Minefinders and Pan American both received the required levels of approval of their respective securityholders at their special meetings held in connection with the Arrangement.
Subject to the satisfaction or waiver of all conditions to the Arrangement, Pan American and Minefinders expect the Arrangement to be effective on or about Friday, March 30, 2012.
Registered shareholders of Minefinders will be required to submit their certificates representing common shares of Minefinders together with a letter of transmittal to Kingsdale Shareholder Services Inc. prior to receiving the consideration to which they are entitled upon completion of the Arrangement. Minefinders shareholders with questions about the process to submit their certificates may contact Kingsdale toll-free at 1-877-657-5859. Outside of North America, please dial 416-867-2272, or email firstname.lastname@example.org.
Posted March 28, 2012