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First Quantum Announces Change of Control Offer for Inmet Mining Corp's Senior Notes

First Quantum Minerals Ltd. (FM.TO) today announced that its wholly-owned subsidiary, Inmet Mining Corporation (IMN.TO), has commenced an offer to purchase Inmet Mining Corporation's 8.75% Senior Notes due 2020 and 7.50% Senior Notes due 2021 upon the terms and conditions set forth in the Change of Control Offer dated April 19, 2013, at a price in cash equal to 101% of the aggregate principal amount of the Notes, plus accrued and unpaid interest up to, but not including, the date of purchase.

The current trading prices are approximately $109.5 for the 8.75% Senior Notes due 2020 and approximately $106.313 for the 7.50% Senior Notes maturing 2021.

The Change of Control Offer is being made pursuant to the Change of Control provisions of the indentures dated May 18, 2012 and December 18, 2012, respectively, each as amended or supplemented pursuant to which the Notes were issued.

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

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

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