Hana Mining Receives Final Court Order for Cupric Canyon Buyout

By Midnight Trader,  January 07, 2013, 02:44:21 PM EDT

The Supreme Court of British Columbia has issued a final order approving the acquisition of Hana Mining (HMG.V) by Cupric Canyon Capital LP, the companies announced today

Hana Mining shareholders voted in favour of the deal in December.

Shareholders of Hana will receive $0.82 in cash for each common share of Hana. The total consideration payable to Hana shareholders is approximately $67 million and the arrangement values Hana's equity at approximately $82 million.

The deal is expected to close in late January.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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