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Pan American Silver Files Preliminary Short Form Shelf Prospectus.

VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--July 2, 1999--

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAA) Friday filed a preliminary short form shelf prospectus with the securities commissions in British Columbia, Alberta, Manitoba, Ontario and Quebec, and a corresponding registration statement with the United States Securities and Exchange Commission.

These filings, when made final, will allow the company to make offerings during the next 24 months of up to 6 million shares, 6 million share purchase warrants or any combination of such shares and warrants on similar terms to potential purchasers anywhere in these provinces and the United States. The size, nature and timing of any offerings of such securities will be based on development of the company's projects and on general market conditions.

A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

A copy of the prospectus may be obtained from Pan American Silver Corp., 1500-625 Howe Street, Vancouver, British Columbia, Canada V6C 2T6, Attention: VP Corporate Relations.
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Publication:Business Wire
Geographic Code:1CANA
Date:Jul 5, 1999
Words:250
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