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The HudBay Minerals Proceedings and the Return of Acquiror-Side Shareholder Approval Rights

January-26-2009

Area Corporate Finance and Securities, Mining and Natural Resources

Summary

The January 23, 2009 decision of the Ontario Securities Commission (the “OSC”) in a proceeding initiated by significant shareholders of HudBay Minerals Inc. (“HudBay”) seeking voting rights in connection with HudBay’s proposed acquisition of Lundin Mining Corporation (“Lundin”) raises questions about whether and when shareholders of the acquiror should have the right to vote on acquisition transactions.

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