Secondary Offering and Intention to Exercise Warrants by Pan American Silver

VANCOUVER, British Columbia, May 28, 2020 (GLOBE NEWSWIRE) -- Maverix Metals Inc. (NYSE American & TSX: MMX) (the Company or Maverix) and Pan American Silver Corp. (NASDAQ & TSX: PAAS) (Pan American) announce that they have entered into an agreement with a syndicate of underwriters led by Raymond James Ltd. and PI Financial Corp. (the Underwriters), pursuant to which Pan American will undertake an overnight marketed public offering of 9,000,000 common shares of Maverix currently held by Pan American (the Secondary Offering).