Business
FARALLON ANNOUNCE COMPULSORY ACQUISITION COMMENCES
Jan. 14, 2011 (Canada NewsWire Group) -- EXPECTED TO CLOSE MARCH 14, 2011 VANCOUVER, Ja...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"\n\n\n\n Jan. 14, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nEXPECTED TO CLOSE MARCH 14, 2011\n\n\nVANCOUVER, Jan. 14 /CNW/ - Farallon Mining Ltd. ("Farallon" or the\n "Company") (TSX:FAN) today announced that on January 13, 2011, Nyrstar\n Canada (Holdings) Ltd. ("Nyrstar Canada"), an indirect, wholly-owned\n subsidiary of Nyrstar NV ("Nyrstar"), delivered a compulsory\n acquisition notice to the remaining shareholders of Farallon.\n\n\nOn January 5, 2011, Nyrstar Canada acquired 462,400,996 common shares of\n Farallon (representing approximately 93.7% of Farallon's common shares\n ("Shares") on a fully-diluted basis) pursuant to its offer to acquire\n all of the outstanding Shares (the "Offer").  Nyrstar Canada is\n undertaking the compulsory acquisition (the "Compulsory Acquisition")\n pursuant to its statutory rights under the compulsory acquisition\n provisions of the Business Corporations Act (British Columbia) to acquire the remaining Shares that were not\n deposited under the Offer.  Under the terms of the Compulsory\n Acquisition, the remaining Farallon shareholders are offered the same\n C$0.80 in cash for each Share as provided under the Offer.  The\n Compulsory Acquisition is expected to close March 14, 2011.\n\n\nAbout Farallon\n\n\nFarallon operates the G-9 zinc mine on its Campo Morado Property in\n Guerrero State, Mexico. G-9 is an underground zinc mine with important\n by-...