Business
Hudbay Files Early Warning Report for American Copper Development Corporation
TORONTO, April 04, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the...
About this update from Hudbay Minerals Inc
[{"type":"text","content":"Hudbay Files Early Warning Report for American Copper Development Corporation\n\n\n\n TORONTO, April 04, 2025 (GLOBE NEWSWIRE) --\n \n Hudbay Minerals Inc. (“Hudbay” or the “Company”) (\n \n\n TSX, NYSE: HBM)\n \n today announced that the Company has sold 1,000,000 common shares (the “\n \n Common Shares\n \n ”) of American Copper Development Corporation (“\n \n American Copper\n \n ”) at a price of C$0.1607 per Common Share for aggregate consideration of C$160,710 (the “\n \n Transaction\n \n ”) and has filed an early warning report in respect of the Transaction.\n \n\n Immediately prior to the Transaction, Hudbay held 1,979,319 Common Shares of American Copper, which represented approximately 10.7% of American Copper’s currently issued and outstanding Common Shares. Following closing of the Transaction, Hudbay will own 979,319 Common Shares, which represents approximately 5.3% of American Copper’s currently issued and outstanding Common Shares.\n \n\n This news release is issued pursuant to applicable Canadian securities laws, including the requirements of National Instrument 62-103 –\n \n The Early Warning System and Related Take-Over Bid and Insider Reporting Issues\n \n . A copy of the corresponding early warning report will be filed and be available on American Copper’s profile on SEDAR+ at\n \n www.sedarplus.ca\n \n . The head office of American Copper is located at 710-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3. The head office of Hudbay is located at 25 York Street, Suite 800, Toronto, Ontario, M5J 2V5.\n \n\n\n Forward-Looking Information\n \n\n\n This news release contains “forward-looking statements” and “forward-looking information” (collectively, “forward-looking information”) within the meaning of applicable Canadian and United States securities legislation. Forward- looking information includes information that relates to, among other things, statements with respect to the disposition of American Copper Common Shares. Forward-looking information is not, and cannot be, a guarantee of future results or events.\n \n\n Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by...