Hudbay Minerals to Acquire Mason Resources
|Areas||Corporate Finance and Securities, Employment and Labour, Mergers and Acquisitions, Mining and Natural Resources|
Goodmans represents Hudbay Minerals Inc. (TSX &NYSE: HBM – "Hudbay") in connection with its proposed acquisition of Mason Resources Corp. (TSX: MNR; OTCQB: MSSNF – "Mason") by way of a plan of arrangement (the "Arrangement"). Under the Arrangement, Mason shareholders will receive $0.40 in cash for each Mason common share they own. The Arrangement values Mason at $31 million. Mason is the 100% owner of the Ann Mason deposit located in the Yerington District of Nevada. The Arrangement is expected to close in December 2018.