Business
Acquisition
Acquisition.
About this update from Antofagasta Plc
[{"type":"text","content":"\n RNS Number : 2877Y Antofagasta PLC 20 December 2010 \n\n \nFor immediate release\n \n5 Princes Gate Telephone: + 44 20 7808 0988\nLondon Fax + 44 20 7808 0986\nSW7 1QJ [email protected]\nUnited Kingdom\n \nProposed Acquisition of Franconia Minerals Corporation by Antofagasta plc and Duluth Metals Limited through Incorporation into the Twin Metals Minnesota LLC Joint Venture\n \nLondon, 20 December, 2010\n \nAntofagasta plc (\"Antofagasta\" or \"the Group\") (LSE: ANTO.L) announces that it has entered into arrangements with Duluth Metals Limited (\"Duluth\") (TSX: DM) in connection with Duluth's proposed acquisition of 100% of the outstanding common shares in the capital of Franconia Minerals Corporation (\"Franconia\") (TSX: FRA) by way of plan of arrangement under the Business Corporations Act (Alberta) (\"the Proposed Acquisition\").\n \nFranconia's principal assets are a 70% interest in ...