Pan American Silver Completes Acquisition Of Minefinders

Pan American Silver Corp. successfully completed its acquisition of all of the issued and outstanding common shares of Minefinders Corporation Ltd.

The acquisition was effected by way of a court-approved plan of arrangement (the “Arrangement”) under the Business Corporations Act (Ontario).

Under the terms of the Arrangement, former shareholders of Minefinders received, on average, $1.84 and 0.55 of a Pan American share for each of their Minefinders shares, subject to some variation based on elections and prorationing.

The total transaction value was approximately $1.4 billion.

Pan American was represented by its General Counsel, Robert Pirooz, and its Counsel and Corporate Secretary, Delaney Fisher. Pan American's lead counsel was Borden Ladner Gervais LLP in Canada with a team that included Fred Pletcher, Graeme Martindale, Michael Waters, Samir Patel and Zohar Barzilai (M&A); Martha Martindale (banking); Richard Bennett and Carolyn MacDonald (tax); Shelley-Mae Mitchell and Lisa Carlson (labour & employment); Jeffrey Thomas (competition); and Kara Beitel (litigation).

Skadden, Arps, Slate, Meagher & Flom LLP represented Pan American in connection with the US securities, antitrust, and tax aspects of the acquisition with a team including Riccardo Leofanti, Yossi Vebman, Joseph Nisa, David Beeston, Daniel McCall and Vikram Agarwal. In Mexico, Pan American was represented by R.B. Abogados with a team including Enrique del Bosque and Miguel Aguilar (corporate) and Jose Luis Mora (competition). In addition, Pan American was represented in Argentina by Zaballa Carchio Abogados with a team that included Sebastián Vedoya (corporate).

Minefinders was represented in Canada by a team that included John Stark, John Anderson, Jennifer Honeyman and Shona Sinclair (M&A); Donald Belovich (corporate); Dean Kraus, Jonathan Willson and John O'Connor (tax); Shawn Neylan (competition), Scott Perrin (banking), and Eliot Kolers and Ellen Snow (litigation) of Stikeman Elliott LLP; and in the US by Kenneth Sam, Ted Farris and Jason Brenkert (corporate) and John Hollinrake Jr. (tax) of Dorsey & Whitney LLP. In Mexico, Minefinders was represented by García-Jiménez & Asociados with a team including Victor Garcia Jimenez (corporate); and by Cereceres & Villalobos Abogados S.C. with a team including Rafael Cereceres (corporate).