Mason will now be de-listed from the Toronto Stock Exchange.
Mason Resources (TSX:MNR) and Hudbay Minerals (TSX/NYSE:HBM) have announced the completion of the previously announced plan of arrangement whereby Hudbay has acquired all of the issued and outstanding common shares of Mason it did not already own for C$0.40 per common share.
With the arrangement now complete, the common shares will be de-listed from the Toronto Stock Exchange and OTC, and Mason will apply to cease to be a reporting issuer under applicable Canadian securities laws.
President and CEO of Hudbay, Alan Hair said:
“We are pleased to complete the acquisition of Mason and add the Ann Mason project to our pipeline. The Ann Mason project meets our stringent acquisition criteria and has the potential to be a long-life, low-cost mine in one of the world’s best jurisdictions for mining, and it is at a stage where we can leverage our management expertise in exploration, engineering, permitting and construction to create value for our shareholders.”