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Bullboard - Stock Discussion Forum Josemaria Resources Inc JOSMF

Josemaria Resources Inc is engaged in the acquisition, exploration and development of mineral properties located in Argentina. It is focused on developing Josemaria Copper-Gold Project in the San Juan Province of Argentina. The company's primary reporting segments are based on the location of operations, being South America and Canada.

OTCQB:JOSMF - Post Discussion

Josemaria Resources Inc > Completion of Plan of Arrangement with Lundin Mining
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Post by Betteryear2 on Apr 28, 2022 4:28am

Completion of Plan of Arrangement with Lundin Mining

TORONTOApril 28, 2022 /CNW/ - Josemaria Resources Inc. (TSX: JOSE) (OMX: JOSE) (OTCQB: JOSMF) ("Josemaria" or the "Company") is pleased to announce that all conditions to the closing of its previously announced plan of arrangement (the "Arrangement" or the "Transaction") with Lundin Mining Corporation ("Lundin Mining") (TSX:LUN) (OMX: LUMI) have been satisfied and the Arrangement will take effect at 12:01am (Vancouver time) on April 28, 2022 (the "Effective time"). Under the Arrangement, Lundin Mining will acquire all of the outstanding common shares of Josemaria (the "Josemaria Shares") for total consideration of approximately C$630 million on a fully diluted basis. As a result of the Arrangement, Josemaria will become a wholly-owned subsidiary of Lundin Mining.
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