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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
DATED FEBRUARY 12, 2003
Commission File Number 000-13727
PAN AMERICAN SILVER CORP.
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(Registrant's name)
SUITE 1500, 625 HOWE STREET
VANCOUVER, BRITISH COLUMBIA, CANADA V6C 2T6
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F [ ] Form 40-F [X]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): [ ]
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101 (b)(7): [ ]
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-________
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant, Pan American Silver Corp., has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
Date: February 12, 2003
PAN AMERICAN SILVER CORP.
By:
/s/ Ross Beaty
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Ross Beaty
Chairman and C.E.O.
[PAN AMERICAN SILVER CORP. AND CORNER BAY SILVER INC. LETTERHEAD]
[CB SILVER LOGO]
NEWS RELEASE
February 12, 2003
PAN AMERICAN AND CORNER BAY MOVE TO COMPLETE MERGER
Vancouver, British Columbia and Toronto, Ontario.....Pan American Silver Corp
(Nasdaq - PAAS; TSX - PAA) and Corner Bay Silver Inc. (TSX - BAY) are pleased to
announce that due to recent positive events in procuring water for the Alamo
Dorado silver project in Mexico, the Companies are proceeding to complete the
merger approved by shareholders of each company in September. The Hydraulic
Committee governing water users within the district unanimously approved an
amended agreement in mid-January that would transfer the required amount of
water proportionately from all the users in the district to Corner Bay. In
addition, senior officials of the Mexican Federal water-governing board (CoNAgua
or CNA), at a meeting yesterday in Mexico City, endorsed the decision of the
Hydraulic Committee. Pan American and Corner Bay have scheduled the closing of
the transaction for February 20th, pending final Board and regulatory approvals.
- End -
Ross Beaty, Chairman or Rosie Moore, VP Corporate Relations, Pan American,
604-684-1175
Peter Mordaunt, Chairman or Steve Brunelle, Vice President, Corner Bay,
416-368-6240
CAUTIONARY NOTE
Some of the statements in this news release are forward-looking statements, such
as estimates of future production levels, expectations regarding mine production
costs, expected trends in mineral prices and statements that describe Pan
American/Corner Bay's future plans, objectives or goals. Actual results and
developments may differ materially from those contemplated by these statements
depending on such factors as changes in general economic conditions and
financial markets, changes in prices for silver and other metals, technological
and operational hazards in Pan American/Corner Bay's mining and mine development
activities, uncertainties inherent in the calculation of mineral reserves,
mineral resources and metal recoveries, the timing and availability of
financing, governmental and other approvals, political unrest or instability in
countries where Pan American is active, labor relations and other risk factors
listed from time to time in Pan American's Form 40-F and Corner Bay's Form 20-F.
910 - 55 UNIVERSITY AVE, TORONTO, ON CANADA M5J 2H7
TEL 416.368.6240 FAX 416.368.7141
www.cornerbaysilver.com
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1500 - 625 HOWE STREET, VANCOUVER, BC CANADA V6C 2T6
TEL 604.684.1175 FAX 604.684.0147
www.panamericansilver.com
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