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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: 200ma who wrote (102976)	5/17/2001 1:46:52 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

i have PAAS too...and i'm rather bullish on silver. the structural supply/demand deficit is going into its 12th year, and the world's inventories are at a 7 decade low...

To: 200ma who wrote (102976)	5/17/2001 2:10:41 PM
From: robnhood	Respond to of 436258

don't know if you guys saw this today on PAA---- <<-- [B] FULL: Pan American Silver to sell 3 mln shares -- New York, May 16 (BridgeNews) - Pan American Silver Corp. said it has appointed National Bank Financial Inc. as its agent to sell up to three million common shares of Pan American. The shares will be offered in both Canada and the United States under Pan American's existing shelf prospectus dated July 20, 1999. Pan American said the sale proceeds would be used for working capital and general corporate purposes. --P. Ajaya Kumar, BridgeNews * * * The following is the text of today's announcement, with emphasis added by BridgeNews. BridgeStation links to company data have been inserted at the end: Pan American Silver Corp. Announces Financing VANCOUVER, B.C.--May 15, 2001--PAN AMERICAN SILVER CORP. (NASDAQ:PAAS) (TSE:PAA.) ANNOUNCES THAT, SUBJECT TO REGULATORY APPROVAL, IT HAS ENGAGED NATIONAL BANK FINANCIAL INC. AS ITS AGENT TO CONDUCT AN OFFERING OF UP TO 3,000,000 COMMON SHARES OF PAN AMERICAN. THE SHARES WILL BE OFFERED IN BOTH CANADA AND THE UNITED STATES UNDER PAN AMERICAN'S EXISTING SHELF PROSPECTUS DATED JULY 20, 1999. PROCEEDS OF THE OFFERING WILL BE USED FOR WORKING CAPITAL AND GENERAL CORPORATE PURPOSES. This news release shall not constitute an officer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Pan American Silver Corp. is a mining company focused exclusively on silver. The Company recently doubled its silver output through successful start-up of production at its second South American operation, the Huaron mine, which increases silver production to over 8 million ounces annually. Pan American also operates the La Colorada mine in Mexico and conducts silver exploration and development programs in Peru, Mexico and Bolivia, the world's dominant silver producing countries. The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from the targeted results. Such risks and uncertainties include those described in the Company's Form 40-F as amended. All amounts are expressed in U.S. dollars.>>>