Detailed results of the votes cast are as follows:
Resolution | Votes For | % For | Votes Against | % Against |
Share Issuance Resolution | 110,661,649 | 97.28 % | 3,091,269 | 2.72 % |
In addition to the approval by Pan American Shareholders, shareholders of Yamana ("Yamana Shareholders") approved the Arrangement at the special meeting of Yamana Shareholders held today. The Arrangement is expected to be completed within the first quarter of 2023, subject to approval by the
"We are very pleased to see such positive shareholder support for our accretive acquisition of Yamana," said
Further information on the Arrangement is available on Pan American's website at:
https://www.panamericansilver.com/invest/arrangement-agreement-with-yamana/
Pan American owns and operates silver and gold mines located in
Learn more at panamericansilver.com.
Cautionary Note Regarding Forward-Looking Statements and Information
Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things, the anticipated timing for the completion of the Arrangement; and the impact of the Arrangement on Pan American's business.
These forward-looking statements and information reflect Pan American's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Pan American, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. Pan American cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and Pan American has made assumptions and estimates based on or related to many of these factors. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: our ability to consummate the Arrangement; changes in laws, regulations and government practices in the jurisdictions where we operate; the possibility that transactions contemplated by the Arrangement Agreement will not be completed in the expected timeframe or at all; changes in general economic, business and political conditions, including changes in the financial markets; and those factors identified under the heading "Risk Factors" in Pan American's management information circular dated
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