SILVER WHEATON SERIES "B" COMMON SHARE
PURCHASE WARRANTS EXPIRING DECEMBER 22, 2010
VANCOUVER, Dec. 2 /CNW/ -
Silver Wheaton Corp. ("Silver Wheaton" or the "Company")
(TSX, NYSE:SLW) advises holders of the Series "B" common share
purchase warrants (TSX: SLW.WT.B) (the "Warrants") that the
deadline for exercising the Warrants is December 22, 2010. Warrant holders
are entitled to receive one share of Silver Wheaton upon exercise of one
Warrant and payment of the exercise price of C$10.00 prior to their expiry.
U.S. persons may only
exercise the Warrants pursuant to certain exemptions as set out in the
subscription form on the back of the Warrant certificate.
Warrant holders who hold
their Warrants in the account of a brokerage firm can instruct their broker
to exercise the Warrants on their behalf.
If you are a registered
Warrant holder and have questions or require assistance for the exercise of
your Warrants, please contact CIBC Mellon Trust Company at 1-800-387-0825.
The Warrants described
herein and the securities issued upon exercise of the Warrants have not been,
and will not be, registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act"), or any state securities laws,
and accordingly, may not be offered or sold within the United States except
in compliance with the registration requirements of the U.S. Securities Act
and applicable state securities requirements or pursuant to exemptions there
from. This press release does not constitute an offer to sell or a
solicitation of an offer to buy any of the Company's securities in the United
States.
About Silver Wheaton
Silver Wheaton is the
largest silver streaming company in the world. Forecast 2010 production,
based upon its current agreements, is 22.0 million ounces of silver and
28,000 ounces of gold, for total production of 23.5 million silver equivalent
ounces. By 2013, annual production is anticipated to increase significantly
to approximately 40 million silver equivalent ounces. This growth is driven
by the Company's portfolio of world-class assets, including silver streams on
Goldcorp's Penasquito mine and Barrick's
Pascua-Lama project.
CAUTIONARY NOTE REGARDING
FORWARD LOOKING-STATEMENTS
The information contained
herein contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking statements, which are all
statements other than statements of historical fact, include, but are not
limited to, statements with respect to the future price of silver and gold,
the estimation of mineral reserves and resources, the
realization of mineral reserve estimates, the timing and amount of estimated
future production, costs of production, reserve determination and reserve
conversion rates. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect",
"is expected", "budget", "scheduled",
"estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements
that certain actions, events or results "may", "could",
"would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking statements are
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of
Silver Wheaton to be materially different from those expressed or implied by
such forward-looking statements, including but not limited to: fluctuations
in the price of silver and gold; the absence of control over mining
operations from which Silver Wheaton purchases silver or gold and risks
related to these mining operations including risks related to fluctuations in
the price of the primary commodities mined at such operations, actual results
of mining and exploration activities, economic and political risks of the
jurisdictions in which the mining operations are located and changes in
project parameters as plans continue to be refined; and differences in the
interpretation or application of tax laws and regulations; as well as those
factors discussed in the section entitled "Description of the Business -
Risk Factors" in Silver Wheaton's Annual Information Form available on
SEDAR at www.sedar.com and in Silver Wheaton's Form 40-F on file
with the U.S. Securities and Exchange Commission in Washington, D.C.
Forward-looking statements are based on assumptions management believes to be
reasonable, including but not limited to: the continued operation of the
mining operations from which Silver Wheaton purchases silver or gold, no
material adverse change in the market price of commodities, that the mining
operations will operate and the mining projects will be completed in
accordance with their public statements and achieve their stated production
outcomes, and such other assumptions and factors as set out herein. Although
Silver Wheaton has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate. Accordingly, readers
should not place undue reliance on forward-looking statements. Silver Wheaton
does not undertake to update any forward-looking statements that are included
or incorporated by reference herein, except in accordance with applicable
securities laws.
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