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Pan American Silver Files Base Shelf Prospectus
posted on
Jan 14, 2009 03:10AM
January 13, 2009
Pan American Silver Files Base Shelf Prospectus
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 13, 2009) - Pan American Silver Corp. (TSX:PAA)(NASDAQ:PAAS) (the "Company") has today filed a preliminary short form shelf prospectus with the securities commissions in each province and territory of Canada and a corresponding registration statement with the United States Securities and Exchange Commission. These filings, when made final, will allow the Company to make offerings of common shares, warrants, debt securities, subscription receipts or any combination thereof of up to US$200 million during the next 25 months to potential purchasers in each province and territory of Canada and the United States. This base shelf prospectus replaces the Company's previous base shelf prospectus, which has expired. The proceeds from any such offerings will be used by the Company to fund acquisitions, development programs on existing or acquired mineral properties, working capital requirements, repayment of outstanding indebtedness from time-to-time or for other general corporate purposes.
