Jul. 6, 2011 (Canada NewsWire Group) --
TORONTO, July 6, 2011 /CNW/ - Norsemont Mining Inc. (the "Company") (TSX:NOM, BVL:NOM) announced today HudBay Minerals Inc. ("HudBay") (TSX:HBM) (NYSE:HBM) has successfully acquired the 2,562,313 remaining common shares of the Company not already owned by HudBay, representing approximately 2.2% of the issued and outstanding common shares, pursuant to a compulsory acquisition carried out under the provisions of the Business Corporations Act (British Columbia) following HudBay's previously announced successful tender offer. As a result of the acquisition of such shares, HudBay now owns 116,103,244 common shares of the Company, representing 100% of the issued and outstanding common shares.
The common shares of the Company have been de-listed from the Toronto Stock Exchange as at the close of markets on July 5, 2011 and are in the process of being de-listed from the Lima Stock Exchange. The Company intends apply to the relevant securities commissions for it to cease to be a reporting issuer in all applicable jurisdictions as soon as practicable following the de-listing of the common shares from the Lima Stock Exchange.
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ABOUT NORSEMONT MINING - Norsemont is a mineral exploration and development company advancing the Constancia Copper project in Southern Peru. The Company's Constancia project is located in Cusco department, approximately 100 kilometres south of Cusco, Peru.
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John Vincic, Vice President, Investor Relations & Corporate Communications
HudBay Minerals Inc.
Tel: 416-362-0615
john.vincic@hudbayminerals.com