BRIEF-Pan American Silver and Macmillan Minerals announce arrangement with Maverix Metals to form a new metal royalty and streaming company

Mon Apr 18, 2016 9:25pm EDT
 
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April 18 (Reuters) -

* Macmillan Minerals Inc - 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

* Macmillan Minerals Inc - Deal when completed, will launch Maverix as a new publicly traded royalty and streaming company

* Macmillan Minerals Inc - According to deal Macmillan will be renamed Maverix Metals Inc

* Macmillan Minerals Inc - Under terms of arrangement, Macmillan will acquire all of issued and outstanding securities of Maverix

* Macmillan Minerals Inc - Daniel O'Flaherty will be appointed as Maverix's chief executive officer Source text for Eikon: Further company coverage: ))