Yamana Announces Proposed Equity Offering
SPOKANE, WASHINGTON--Yamana Resources Inc. announces that it has
filed a preliminary short-form prospectus with provincial
Securities Commissions in Ontario, British Columbia, and Alberta
in connection with a public offering of units consisting of common
shares and warrants of the Company.
Proceeds from the issue will be added to current cash reserves and
used to fund the Company's international exploration operations,
particularly in the emerging silver district of western Santa
Cruz, Argentina, where Yamana has recently announced promising
precious- and base-metals finds at its Lejano and Bacon
properties.
Yamana Resources Inc. is a Canadian exploration company holding
interests in projects in Argentina, Chile, Paraguay, Papua New
Guinea, Indonesia and Washington state.
The units, common shares and units comprising the units and the
common shares issuable upon exercise of the units, have not been
and will not be registered under the U. S. Securities Act of 1933,
or any state securities law, and may not be offered or sold in the
United States or to US persons unless registered or exemptions
from registration are available.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Yamana Resources Inc.
Greg W. Taylor
Vice President, Corporate Development
(509) 838-6615
(509) 838-0714 (FAX)
E-mail: gwtaylor@yamana.com
Home page: yamana.com |
