san rafael: Territory owned by Tahoe Resources' El Escobal, or San Rafael, silver mine in San Rafael Las Flores, Guatemala, according to The Toronto Star. James Rodriguez / MiMundo.or Tahoe shareholders will also receive contingent value rights that will be exchanged for 0.0497 Pan American shares for each Tahoe share, payable on the first commercial shipment of concentrate following the restart of operations at the Escobal mine in Guatemala. The maximum cash available under the offer is 275 million and there are 56 million Pan American shares available. Tahoe shares closed C 2.90 on the Toronto Stock Exchange on Tuesday, while Pan American shares closed at C 18.71. Article Continued Below Tahoe shareholders will hold about a 27 per cent stake in the combined company at the closing of the deal. The deal, which is expected to close in the first quarter of 2019, requires approval by both the Tahoe and Pan American shareholders.
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