2002 Canadian Stock-Picking Challenge Message Board

STOCKTALK

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Strategies & Market Trends : 2002 Canadian Stock-Picking Challenge

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To: Canuck Dave who wrote (1097)	9/6/2002 8:24:18 AM
From: Al Collard	of 1590

PAA-t...in the news: Pan American shareholders okay Corner Bay deal Mr. Ross Beaty of Pan American reports PAN AMERICAN SHAREHOLDERS APPROVE CORNER BAY MERGER At Pan American's extraordinary general meeting, held today in Vancouver, shareholders voted overwhelmingly in favour of Pan American's proposed merger with Corner Bay Silver Inc. Corner Bay is the owner of the Alamo Dorado silver-gold deposit, located in Sonora, Mexico. Under the merger agreement, Pan American will acquire all of the issued and outstanding shares of Corner Bay. Each Corner Bay share will be exchanged for 0.385 common share of Pan American plus 0.1925 Pan American warrant. Each whole warrant will allow the holder to purchase a common share of Pan American for a price of $12 for five years. Closing of the merger is conditional upon obtaining agreement on the acquisition of water rights for the Alamo Dorado project and is anticipated to be completed by no later than mid-November.

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