Pan American Silver and MacMillan Minerals announce arrangement with Maverix Metals to form a new metal royalty and streaming company led by former Pan American Silver CEO (Pan American Silver Corporation)

(Source: Pan American Silver Corporation) TORONTO, April 18, 2016/CNW/ - Pan American Silver Corp. ('Pan American') and MacMillan Minerals Inc. (TSX-V:MMX) ('MacMillan') are pleased to announce that they have entered into an arrangement agreement dated April 18, 2016(the 'Arrangement') with Maverix Metals Inc. ('Maverix'), which when completed, will launch Maverix as a new publicly traded royalty and streaming company. Under the terms of the Arrangement, MacMillan will acquire all of the issued and outstanding securities of Maverix (the 'Reverse Takeover', or 'RTO'). Concurrently MacMillan will purchase a package of thirteen royalties and precious metal streams from Pan American...