Bloomberg News

Pan American Silver to Acquire Minefinders for $1.49 Billion

January 23, 2012

Jan. 23 (Bloomberg) -- Pan American Silver Corp., a miner of the metal in Peru, agreed to acquire Canada’s Minefinders Corp. for about C$1.5 billion ($1.49 billion) to expand production and reserves.

Minefinders investors will get 0.55 of a Pan American share and C$1.84 in cash, or 0.6235 of a share, or $15.60 in cash, the companies said today in a joint statement.

Link to Statement:{NSN LY95G23V7U9U <GO>}

To contact the reporter on this story: Liezel Hill in Toronto at lhill30@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net


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