Ross Beaty - Founder and Chair of Pan American SilverApparently, he is one of the most successful silver investors of all-time.
He has personal financial incentives to ensure that the deals work out well for both Pan American Silver and Kootenay-Northair. Especially, turning Kootenay-Northair into the next 30 bagger silver company could be very lucrative for him.
At April 20, 2015 he owned
21.18% of Pan American Silver. This info is located just below the middle of the page of this April 22, 2015 article.
https://www.canadianinsider.com/blog/ross-beaty-beefs-junior-holdings In addition, he holds Northair shares. It is not clear how much he owns. It must be less than 10% though, otherwise it would show up on insider filing reports.
He might have acquired the Northair shares in the 2014 financing (when the new management team came onboard) - $.10 per share (or about $.29 per Kootenay share, once the Kootenay-Northair deal goes through). That financing provided one whole warrant per common share. Thus, there is incentive for him to take advantage of those Northair warrants as well - the strike price is now $.25 per Northair share or $.715 per Kootenay share. Never mind the warrants he will get from the Kootenay acquisition/merger (strike price around $.55 Kootenay share I think).
From the Palisade Research Feb. 18/16 article (a little past the middle of the page):
``Kootenay’s acquisition of Northair caught the eye of one of the greatest silver investors of all-time, Ross Beaty, who was an investor of Northair and gave his full blessing for the merger. Ross Beaty built Pan American Silver (TSX:PAA) the same way Ken Berry and company are doing so at Kootenay Silver.`` https://www.mining.com/web/mining-capital-expenditure-continues-to-fall-cycle-expected-for-another-two-years/