Yamana Gold arranges US$700 million credit facilities with The Bank of Nova Scotia and ABN Amro Bank to help fund acquisition of Meridian Gold

On December 31, 2007, Yamana Gold Inc. successfully completed its acquisition of the common shares of Meridian Gold Inc. for a purchase price of about US$3.3 billion. Yamana helped fund the cash portion of the purchase with $700 million credit facilities arranged by The Bank of Nova Scotia and ABN Amro Bank NV. The lenders were advised by a team from Fasken Martineau that included John Torrey, Thomas Meagher and Aaron Stefan.