Business
FARALLON ANNOUNCES COMMENCEMENT OF NYRSTAR OFFER
FARALLON ANNOUNCES COMMENCEMENT OF NYRSTAR OFFER
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"\n\n\n\n Nov. 24, 2010 (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\nVANCOUVER, Nov. 24 /CNW/ - Farallon Mining Ltd. ("Farallon" or the\n "Company") (TSX:FAN) today announced that Nyrstar NV ("Nyrstar"),\n through its direct wholly-owned subsidiary, Nyrstar Canada (Holdings)\n Ltd., has now formally commenced the previously announced offer for\n Farallon (the "Offer") and mailed the Offer and take-over bid circular\n to shareholders today. The directors' circular of the Board of\n Directors of Farallon has been concurrently mailed with the Offer and\n take-over bid circular.\n\n\nFarallon's Board of Directors, after consulting with its financial and\n legal advisors, and based on the recommendation of an independent\n special committee of the Board, has determined to unanimously recommend\n acceptance of the Offer to shareholders. Please refer to the November\n 15, 2010 news release for full details of the offer.\n\n\nThe Offer will expire at 5:00 p.m. (Toronto time) on January 5, 2011,\n subject to extension or termination, and is conditional upon, among\n other things, valid acceptance of the Offer by Farallon shareholders\n owning not less than 66⅔% of the Farallon common shares (on a fully\n diluted basis). In addition, the Offer is subject to certain customary\n conditions, relevant regulatory approvals in Mexico and the absence of\n any material adverse effect with respect to Farallon.  Nyrstar may\n waive certain condition...