Norsemont Mining Inc. Announces Completion of Compulsory Acquisition by HudBay Minerals Inc.
06.07.2011 | CNW
TORONTO, July 6, 2011 /CNW/ - Norsemont Mining Inc. (the “Company“) (TSX: NOM, BVL: NOM) announced today HudBay Minerals Inc. (“HudBay“) (TSX: HBM) (NYSE: HBM) has successfully acquired the 2,562,313 remaining common shares of the Company not already owned by HudBay, representing approximately 2.2% of the issued and outstanding common shares, pursuant to a compulsory acquisition carried out under the provisions of the Business Corporations Act (British Columbia) following HudBay's previously announced successful tender offer. As a result of the acquisition of such shares, HudBay now owns 116,103,244 common shares of the Company, representing 100% of the issued and outstanding common shares.The common shares of the Company have been de-listed from the Toronto Stock Exchange as at the close of markets on July 5, 2011 and are in the process of being de-listed from the Lima Stock Exchange. The Company intends apply to the relevant securities commissions for it to cease to be a reporting issuer in all applicable jurisdictions as soon as practicable following the de-listing of the common shares from the Lima Stock Exchange.
ABOUT NORSEMONT MINING
Norsemont is a mineral exploration and development company advancing the Constancia Copper project in Southern Peru. The Company's Constancia project is located in Cusco department, approximately 100 kilometres south of Cusco, Peru.
For further information:
John Vincic, Vice President, Investor Relations & Corporate Communications
HudBay Minerals Inc.
Tel: 416-362-0615
john.vincic@hudbayminerals.com
