Pan American Silver’s acquisition of Joaquin project in the Santa Cruz


Borden Ladner Gervais, Estudio Beccar Varela and Marval, O’Farrell y Mairal have advised on the deal

Coeur Mining, Inc. (“Coeur”) (NYSE: CDE) and Pan American Silver Corp. (“Pan American”) (NASDAQ: PAAS) (TSX: PAA) today announced a definitive agreement under which Pan American will acquire 100% of Coeur’s Joaquin project, located in the Santa Cruz province of southern Argentina.

Under the terms of the agreement, consideration payable to Coeur will include $15 million in cash and $10 million in Pan American stock. Coeur will also retain a 2.0% net smelter returns royalty (“NSR”) on the Joaquin project. The transaction is expected to close in the first quarter of 2017, subject to customary closing conditions.

In Canada, Borden Ladner Gervais LLP has advised Pan American Silver Corp. with Fred Pletcher, Melanie Bradley and Julie Bogle.

Estudio Beccar Varela has advised Pan American Silver Corp. with Roberto Fortunati (Picture) and Diego Parravicini.

Marval, O’Farrell y Mairal has advised Coeur Mining Inc. with Leonardo Rodríguez, Andrés Villarreal and Macarena García Mirri.

Involved fees earner: Fred Pletcher – Borden Ladner Gervais; Melanie Bradley – Borden Ladner Gervais; Julie Bogle – Borden Ladner Gervais; Leonardo Rodríguez – Marval, O’Farrell & Mairal; Andres Villarreal – Marval, O’Farrell & Mairal; Maria Macarena Garcia Mirri – Marval, O’Farrell & Mairal; Roberto Fortunati – Estudio Beccar Varela; Diego Parravicini – Estudio Beccar Varela;

Law Firms: Borden Ladner Gervais; Marval, O’Farrell & Mairal; Estudio Beccar Varela;

Clients: Pan American Silver Corp.; Coeur Mining Inc.;

Print Friendly, PDF & Email
Avatar

Author: Ambrogio Visconti.