Pan American Silver and Minefinders Announce Final Court Approval of the Plan of Arrangement
Pan American Silver Corp. (NASDAQ: PAAS) and Minefinders Corporation Ltd. (NYSE: MFN) are pleased to announce that the Ontario Superior Court of Justice has issued a final order approving the previously announced statutory plan of arrangement between Minefinders and Pan American under the Business Corporations Act (Ontario). Pursuant to the Arrangement, Pan American will acquire all of the issued and outstanding common shares of Minefinders. As previously announced, on March 26, 2012, Minefinders and Pan American both received the required levels of approval of their respective securityholders at their special meetings held in connection with the Arrangement.
Subject to the satisfaction or waiver of all conditions to the Arrangement, Pan American and Minefinders expect the Arrangement to be effective on or about Friday, March 30, 2012.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.