Hana Mining Receives Final Court Order for Cupric Canyon Buyout
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.
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