Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Frank Pembleton who wrote (91458)	6/11/2001 12:13:09 PM
From: Frank Pembleton	of 95453

Here's the reason for PAAS upward action. Regards Frank P. ---- Bill Gates buys more shares of Pan American Silver WASHINGTON, June 11 (Reuters) - Cascade Investment LLC, the investment arm of Microsoft Corp. (NasdaqNM:MSFT - news) co-founder Bill Gates, increased its stake in Pan American Silver Corp. (Toronto:PAA.TO - news) to 13.66 percent from 9.05 percent, according to a filing on Monday with the Securities and Exchange Commission. Cascade bought 2 million common shares of Vancouver-based Pan American on June 5 for $6 million, boosting its position to 5.105 million shares, which it holds for investment purposes only, the filing said. Shares rose 4 cents to $5.04 on the Toronto Stock Exchange on Monday.

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