HudBay Minerals Acquires Norsemont Mining for $520 Million
|Areas||Corporate Finance and Securities, Mining and Natural Resources|
Goodmans represented HudBay Minerals Inc. (“HudBay”) in its acquisition of all the outstanding common shares of Norsemont Mining Inc. (“Norsemont”) that HudBay did not already own, pursuant to a compulsory acquisition carried out under the provisions of the Business Corporations Act (British Columbia) following its successful take-over bid offer. The transaction was valued at $520 million.
HudBay Minerals Inc. (TSX: HBM)(NYSE: HBM) is a Canadian integrated mining company with assets in North, Central and South America principally focused on the discovery, production and marketing of base metals. Norsemont is a mineral exploration and development company which owns the Constancia copper deposit in Peru.