Pan American Silver Corp. has acquired ownership of 18,750,000 units of securities of
Galleon Gold Corp. , for C$0.60 per Unit, pursuant to a non-brokered private placement , which was completed in connection with a brokered private placement by Galleon, all for an aggregate of 50,000,000 Units, with each Unit comprised of one common share of Galleon and one-half of one Common Share purchase warrant . Each Warrant entitles the holder thereof to acquire one additional Common Share at an exercise price of C$0.75 per Common Share until December 4, 2027. Prior to the Acquisition, Pan American owned, directly or indirectly, or exercised control or direction over, no Common Shares, but had the right to acquire 17,777,777 Common Shares pursuant to the Debenture , which r...