Cerro Resources is pleased to announce that the Federal Court of Australia has made orders approving the transaction with Primero Mining to effect: the spinout of Cerro's non-Cerro del Gallo assets to Cerro's currently wholly owned subsidiary Santana Minerals, an in-specie distribution to Cerro's Shareholders in relation to that spinout; an acquisition by Primero of all the shares Cerro has on issue in exchange for shares
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