Pan American Silver (PAAS) Gains on Kootenay Placement

Pan American Silver Corp.

shares progressed 5.5% to $10.62, on concluding a private placement with Kootenay Silver pursuant to which Pan American has subscribed for 9,090,909 Kootenay shares at a price of $0.22 Canadian per Kootenay share for an aggregate subscription price of $2,000,000 Canadian. Share volume was 467,000, compared to an all-day average of 2.3 million