Pan American Silver Corp. (NASDAQ: PAAS) and Aquiline Resources Inc. (TSX: AQI) have announced they have signed a support agreement in which Pan American will make a takeover bid to acquire all of the issued and outstanding shares of Aquiline. Pan American has proposed to make takeover bids for each outstanding share of Aquiline. Pan American will also make formal takeover bids for each outstanding series of Aquiline warrants and the Aquiline convertible debenture. The transaction value is an estimated $626 million.
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About Pan American
Pan American Silver Corp's mission is to be the world's largest and lowest cost primary silver mining company by increasing its low cost silver production and silver reserves. Pan American has eight operating mines in Mexico, Peru, Argentina and Bolivia.
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