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Josemaria Announces Completion of Plan of Arrangement with Lundin Mining
Josemaria Announces Completion of Plan of Arrangement with Lundin Mining Canada...
About this update from Lundin Mining Corporation
[{"type":"text","content":"\n \n \n \n Josemaria Announces Completion of Plan of Arrangement with Lundin Mining\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n April 28, 2022\n \n \n /CNW/ - J\n \n osemaria Resources Inc.\n \n (TSX: JOSE) (OMX: JOSE) (OTCQB: JOSMF) (\"Josemaria\" or the \"Company\") is pleased to announce that all conditions to the closing of its previously announced plan of arrangement (the \"Arrangement\" or the \"Transaction\") with Lundin Mining Corporation (\"Lundin Mining\") (TSX:LUN) (OMX: LUMI) have been satisfied and the Arrangement will take effect at\n \n 12:01am\n \n (\n \n Vancouver\n \n time) on\n \n April 28, 2022\n \n (the \"Effective time\"). Under the Arrangement, Lundin Mining will acquire all of the outstanding common shares of Josemaria (the \"Josemaria Shares\") for total consideration of approximately\n \n C$630 million\n \n on a fully diluted basis. As a result of the Arrangement, Josemaria will become a wholly-owned subsidiary of Lundin Mining.\n \n View PDF version\n \n .\n \n \n The Transaction was previously approved by the securityholders of the Company at the special meeting of securityholders held on\n \n April 21, 2022\n \n (the \"Meeting\") and approved by a final order of the British Columbia Supreme Court issued on\n \n April 26, 2022\n \n . Upon closing of the Arrangement, each shareholder of Josemaria (\"Shareholder\") (other than Lundin Mining and any of its subsidiaries) will receive as consideration for such Shareholder's Josemaria Shares, at such Shareholder's election: (i)\n \n C$1.60\n \n in cash for each\n \n Josemaria Share\n \n held (the \"Cash Consideration\"), or (ii) 0.1487 of a Lundin Mining common share (each whole share, a \"Lundin Mining Share\") for each\n \n Josemaria Share\n \n held (the \"Share Consideration\"), plus for each whole Lundin Mining Share issued to such Shareholder,\n \n C$0.11\n \n in cash will also be paid to such Shareholder (the \"Share Consideration Cash Payment\"), or (iii) any combination thereof. The Cash Consideration and Share Co...