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Independent Proxy Advisory Firm ISS Recommends Arizona Sonoran Copper Company Shareholders Vote FOR the Arrangement with Hudbay Minerals
The board of directors of ASCU unanimously recommends that Shareholders vote FOR the Arrangement ...
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Independent Proxy Advisory Firm ISS Recommends Arizona Sonoran Copper Company Shareholders Vote FOR the Arrangement with Hudbay Minerals .bwlistdisc { list-style-type: disc } .bwuline { text-decoration: underline } The board of directors of ASCU unanimously recommends that Shareholders vote FOR the Arrangement Resolution Proxy voting deadline is May 7, 2026 at 1:00 p.m. (Toronto time) Shareholders who have questions or need assistance voting may contact ASCU’s proxy solicitation agent, Shorecrest Group Ltd., by phone at 1-888-637-5789 (North American toll-free) or 647-931-7454 (calls outside North America), or by email at [email protected] Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce that leading independent proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) has recommended that shareholders of the Company (“Shareholders”) vote FOR the resolution (the “Arrangement Resolution”) to approve the proposed arrangement (the “Arrangement”) with Hudbay Minerals Inc. (“Hudbay”) at the upcoming special meeting of securityholders of the Company (the “Meeting”) to be held on May 11, 2026. Under the terms of the Arrangement Agreement, each ASCU shareholder will receive 0.242 of a Hudbay common share for each ASCU common share held. ISS Recommendation In making its recommendation that Shareholders vote FOR the Arrangement Resolution, ISS noted: “ The proposed merger is strategically sound, as the combined entity is expected to benefit from a strengthened financial position and increased liquidity .” Recommendation of the Board As previously communicated, following the unanimous recommendation of the independent directors of the Company, the board of directors of the Company (the “Board”) unanimously determined that the Arrangement is in the best interests of the Company and is fair to the Shareholders (other than Hudbay and its affiliates). Accordingly, the Board unanimously recommends that Shareholders vote FOR the Arrangement Resolution. Voting and Meeting Details The proxy voting deadline is at 1:00 p.m. (Toronto time) on May 7, 2026, or 48 hours (excluding Saturdays, Sundays and holidays) prior to any adjournment or postponement of...
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