6-K
Pan American Silver Corp (PAAS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT of 1934
July 13, 2020
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Pan American Silver Corp.
(Exact name of registrant as specified in its charter)
1500-625 HOWE STREET
VANCOUVER BC CANADA V6C 2T6
(Address of principal executive offices)
000-13727
(Commission File Number)
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Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
| Form 20-F | Form 40-F | X |
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1). _____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____
EXHIBIT LIST
| Exhibit | Description |
|---|---|
| 99.1 | Pan American Silver Early Warning News Release Regarding Investment in New Oroperu Resources Inc. |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Pan American Silver Corp. | ||
|---|---|---|
| (Registrant) | ||
| Date: July 13, 2020 | By: | /s/ DELANEY FISHER |
| Delaney Fisher | ||
| Vice President, Associate General Counsel and Corporate Secretary |
Document
| Suite 1500 - 625 Howe St. <br>Vancouver, BC Canada, V6C 2T6 <br>604-684-1175 <br>www.panamericansilver.com |
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Pan American Silver Early Warning News Release Regarding Investment in New Oroperu Resources Inc.
Vancouver, B.C. - July 13, 2020 - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”) has acquired ownership and control of an additional 450,000 common shares of New Oroperu Resources Inc. (TSXV: ORO) (“New Oroperu”) through the exercise of 450,000 previously acquired Common Share purchase warrants (the “Warrants”) with an exercise price of CAD$0.20 per common share of New Oroperu (“Common Shares”) on July 13, 2020, for gross proceeds to New Oroperu of CAD$90,000 (the “Warrant Exercise”).
Immediately following the completion of the Warrant Exercise, Pan American owns directly or indirectly, or exercises control or direction over 4,850,000 Common Shares, representing approximately 18.61% of the total issued and outstanding Common Shares on a non-diluted basis, and approximately 14.33% of the total issued and outstanding Common Shares on a fully-diluted basis. Prior to the Warrant Exercise, Pan American held directly or indirectly, or exercised control or direction over 4,400,000 Common Shares and 450,000 Warrants, representing approximately 17.18% of the total number of issued and outstanding Common Shares on a non-diluted basis.
Pan American’s acquisition pursuant to the exercise of the Warrants was made for investment purposes. Pan American may from time to time and at any time acquire additional securities or instruments of New Oroperu in the open market or otherwise, and reserves the right to dispose of any or all of such securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to such securities, the whole depending on market conditions, the business and prospects of New Oroperu and other relevant factors.
About Pan American Silver
Pan American owns and operates silver and gold mines located in Mexico, Peru, Canada, Argentina and Bolivia. We also own the Escobal mine in Guatemala that is currently not operating. As the world's second largest primary silver producer with the largest silver reserve base globally, we provide enhanced exposure to silver in addition to a diversified portfolio of gold producing assets. Pan American has a 25-year history of operating in Latin America, earning an industry-leading reputation for corporate social responsibility, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on NASDAQ and the Toronto Stock Exchange under the symbol “PAAS”.
Learn more at panamericansilver.com.
For more information and to obtain a copy of the related Early Warning Report, please contact:
Siren Fisekci
VP, Investor Relations & Corporate Communications
Ph: 604-806-3191
Email: [email protected]
| PAN AMERICAN SILVER CORP.<br><br>1 |
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