Pan American Silver Early Warning News Release Regarding Shares of Anacortes Mining Corp.
Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) (“Pan American”) and its wholly-owned subsidiary, Pan American Silver (Barbados) Corp. (“PASB”), have sold an aggregate of 4,200,000 common shares of Anacortes Mining Corp. (TSXV: XYZ) (“Anacortes”) on May 17, 2023, pursuant to a private agreement (the “Sale”).
- Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) (“Pan American”) and its wholly-owned subsidiary, Pan American Silver (Barbados) Corp. (“PASB”), have sold an aggregate of 4,200,000 common shares of Anacortes Mining Corp. (TSXV: XYZ) (“Anacortes”) on May 17, 2023, pursuant to a private agreement (the “Sale”).
- Pan American now owns, directly and indirectly, less than 10% of the issued and outstanding common shares of Anacortes.
- Prior to the Sale, Pan American held directly or indirectly, or exercised control or direction over, 4,700,458 common shares of Anacortes, representing approximately 11.04% of the total issued and outstanding common shares of Anacortes.
- Following the completion of the Sale, Pan American owns, directly or indirectly, or exercises control or direction over 500,458 common shares of Anacortes, representing approximately 1.18% of the total issued and outstanding Anacortes common shares.