Aquiline Takeover Offer
On the 8th December 2009 Pan American Silver confirmed the takeover offer of Aquiline shares on the basis of 0.2495 of a Pan American common share, plus 0.1 of a Pan American common share purchase warrant for each Aquiline common share held. Each of these warrants will entitle the holder to acquire one Pan American common share at a price of $35.00 per Pan American common share for a period of five years up to 7 December 2014