Skip to main content

Hudbay Minerals acquires Mason Resources

Published by
Global Mining Review,


Yesterday, Mason Resources Corp. (Mason) and Hudbay Minerals Inc. (Hudbay) completed the previously announced plan of arrangement under Part 9, Division 5 of the Business Corporations Act (British Columbia) (the arrangement) whereby Hudbay has acquired all of the issued and outstanding common shares of Mason it did not already own for CAN$0.40 per common share.

"We are pleased to complete the acquisition of Mason and add the Ann Mason project to our pipeline," said Alan Hair, President and CEO of Hudbay.

"The Ann Mason project meets our stringent acquisition criteria and has the potential to be a long-life, low-cost mine in one of the world's best jurisdictions for mining, and it is at a stage where we can leverage our management expertise in exploration, engineering, permitting and construction to create value for our shareholders."

With the arrangement now complete, the common shares will be de-listed from the Toronto Stock Exchange and OTC, and Mason will apply to cease to be a reporting issuer under applicable Canadian securities laws.

Read the article online at: https://www.globalminingreview.com/finance-business/20122018/hudbay-minerals-acquires-mason-resources/

You might also like

OSIsoft webinar

[WEBINAR] How to succeed in Digital Transformation in Mining and Materials

During this webinar, OSIsoft will explain their successful path to Digital Transformation, including Predictive Maintenance 4.0 from an asset reliability perspective, Health, Safety & Environment improvement opportunities, and Autonomous Operations for process optimisation. Register for free today »

 

Weir Minerals develops new pump

Weir Minerals has developed the Warman® Dirty Water Unit pump, designed to handle both increased suspended solids in dirty water whilst operating at high discharge head pressures.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Canadian mining news