Hudbay Minerals Inc T.HBM

RE: warrents - December 21, 2009

[BUDDIEBuddie]

HudBay Minerals Inc. To Trade On Toronto Stock Exchange December 23, 2004 December 23, 2004 (Toronto) - The common shares and Warrants of HudBay Minerals Inc. (the “Company”) will begin trading on Toronto Stock Exchange at the opening on Friday, December 24, 2004. Stock Symbols: “HBM” - 77,448,200 common shares will be issued and outstanding. “HBM.WT” - 1,045,421,667 warrants will be issued and outstanding. The Company is an integrated base metals mining and smelting company and is one of the ten largest zinc producers in North America. It has: four operating mines in Manitoba and Saskatchewan; a metallurgical complex in Flin Flon, Manitoba comprised of a zinc and copper concentrator, a zinc pressure leach and electro-winning plant and a copper smelter; a zinc concentrator near Snow Lake, Manitoba; a zinc oxide plant in Brampton, Ontario; and a 50% interest in an established marketing joint venture, Considar Metal Marketing Inc. The Company also owns two development projects: the Balmat mine in New York State and the Gay’s River mine in Nova Scotia; and two exploration projects: the Southwestern Ontario project in Ontario and the San Antonio project in Chile. The head office of the Company is located at 6 Adelaide Street East, Suite 300, Toronto, Ontario, M5C 1H6 and the telephone number is [phone]. The website address is www.ontzinc.com. The Director, Chief Executive Officer and President of the Company is Mr. Peter Jones. https://www.tsx.ca/en/mediaNews/newsreleases/news8191.html + + + + + + + ONTZINC CORPORATION 6 Adelaide Street East, Suite 300 Toronto, Ontario M5C 1H6 Tel: [phone] Fax: [phone] NEWS RELEASEDecember 23, 2004 TSX-V Symbol: OTZToronto, Ontario TSX Symbol: HBM ONTZINC LISTS CONSOLIDATED SHARES ON TSX AND CHANGES ITS NAME TO HUDBAY MINERALS INC. ONTZINC Corporation (TSXV-OTZ) (the “Company”) is pleased to announce that its consolidated common shares will be posted for trading on the Toronto Stock Exchange on Friday, December 24, 2004, under the symbol “HBM”. At that time, the common shares and certain common share purchase warrants (TSX: HBM.WT) will commence trading under the Company’s new name HudBay Minerals Inc. The Company has effected the previously announced consolidation of its common shares. The consolidation was completed upon the basis of one new common share for every 30 pre-consolidation common shares. On November 10, 2004, the Company mailed to its registered shareholders a letter of transmittal relating to the consolidation of its common shares. To receive certificates representing common shares of HudBay Minerals Inc., on a post-consolidated basis, registered shareholders should follow the instructions set out in the letter of transmittal and send their ONTZINC common share certificates, together with the letter of transmittal, to Equity Transfer Services Inc., the registrar and transfer agent of the Company. Equity will then mail back the new share certificates to which the registered shareholder is entitled in accordance with the instructions given in the letter of transmittal. If you are a beneficial holder of ONTZINC shares (i.e. you hold your ONTZINC shares through a brokerage account), your broker will be responsible for distributing to you the appropriate number of HudBay common shares. For further information, please contact H. Douglas Scharf, Executive Vice President, Corporate Development, at [phone]. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. https://www.google.ca/search?q=cache:T_HtyNocRekJ:www.ontzinc.ca/news/otz122304.pdf+HUDBAY+MINERALS+INC+warrants&hl=en + ++ +++ ++++++ + +++++++ ++ +++ +++++ + News from CCNMatthews ONTZINC Completes Acquisition of Hudson Bay Mining and Smelting Co., Limited 14:02 EST Tuesday, December 21, 2004 TORONTO, ONTARIO--(CCNMatthews - Dec. 21, 2004) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ONTZINC Corporation (TSX VENTURE:OTZ) (the "Company") is pleased to announce that it has acquired Hudson Bay Mining and Smelting Co., Limited ("HBMS") from Anglo American International, S.A. ("Anglo"). To fund the acquisition, the Company completed an offering of 1,917,510,000 subscription receipts for gross proceeds of approximately $143.8 million and an offering of 9 5/8% senior secured notes due January 15, 2012 for gross proceeds of US$175 million. Upon the closing of the acquisition of HBMS, each subscription receipt of the Company was exchanged for one common share of the Company ("Common Share") and one-half of one common share purchase warrant. Each whole purchase warrant (a "Warrant") entitles the holder to acquire one common share at a price of $0.105 at any time prior to 5:00 p.m. (Toronto time) on December 21, 2009. In connection with the offering of subscription receipts, GMP Securities Ltd. led a syndicate that included Canaccord Capital Corporation, Haywood Securities Inc., Orion Securities Inc., Harris Partners Limited, McFarlane Gordon Inc. and Northern Securities Inc. Credit Suisse First Boston acted as the lead bookrunner in connection with the sale of the notes. The Company proposes to change its name to HudBay Minerals Inc. The Toronto Stock Exchange has conditionally approved the listing of the Common Shares and Warrants on the TSX. Listing is subject to the Company fulfilling all of the listing requirements of the TSX, including the Company completing the previously announced consolidation of its Common Shares on a one new Common Share for every 30 old Common Shares basis. The Company expects that its Common Shares and Warrants will begin trading on the TSX during the next week, under the symbol "HBM". Peter Jones, the new President and Chief Executive Officer of the Company, commented that, "This is an exciting day for the Company, its shareholders and employees. The Company is now a significant producer of copper, zinc and precious metals. As a result of the completion of a recent substantial capital investment and the support of its management and employees, Hudson Bay Mining and Smelting Co., Limited is a safe, productive and positive cash flow company able to pursue growth through exploration, mine development and potentially, selective acquisitions." Peter Jones also thanked the many people involved in the acquisition process and especially the employees for their patience. As a reflection of its increased size and scope, the Company is pleased to also announce that Allen Palmiere, James Ashcroft, Norman Anderson, Ian Conn and Peter Jones have joined the board of directors of the Company. Allen Palmiere, the new Chairman of Company, stated that "I am pleased to be joining the board of a Company that is well positioned at a time of generally improving base metals markets. I join the Company, along with four other new directors, with a view of continuing to improve the corporate governance to create a company that is an attractive investment opportunity for shareholders." The board of directors of the Company is now comprised of Allen J. Palmiere, James Ashcroft, Norman Anderson, Richard W. Brissenden, Ian Conn, Peter T. George and Peter Jones. This press release is not an offer of securities for sale in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities that may be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the company and management, as well as financial statements. Statements contained in this release that are not historical facts are forward-looking statements that involve risks and uncertainties. The Company's actual results could differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the Company's ability to implement its business strategies, the future price and consumption of zinc and copper, the estimation of mineral reserves and mineral resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration fluctuations, the availability of third party concentrate, mine life projections and cash flow estimates. Shares Outstanding: 2,323,446,012 FOR FURTHER INFORMATION PLEASE CONTACT: ONTZINC Corporation H. Douglas Scharf Executive Vice President, Corporate Development, [phone] [phone] (FAX)The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. © CCNMatthews Get inside the news with INSIDER Edition https://www.globeinvestor.com/servlet/ArticleNews/story/CCNM/20041221/1221083n + ++++++ +++++++ + +++ +++ ++++++ +++ +++ ++ News from CCNMatthews ONTZINC Announces Trading Of Its Common Shares On The TSX Venture Exchange To Resume October 18, 2004 09:00 EDT Monday, October 18, 2004 TORONTO, ONTARIO--(CCNMatthews - Oct. 18, 2004) - NOT FOR DISTRIBUTION OR TRANSMISSION BY ANY MEANS INTO THE UNITED STATES ONTZINC Corporation (TSXV-OTZ) (the "Company") is pleased to announce that trading of its common shares on the TSX Venture Exchange (the "Exchange") is scheduled to resume at the open on Monday, October 18, 2004. Trading had been halted, at the request of the Company, pending the announcement of a material change. On October 8, 2004 the Company announced that it had entered an agreement to acquire 100% of Hudson Bay Mining and Smelting ("HBMS") by purchasing the holding company which owns HBMS from Anglo American International, S.A. (the "HBMS Acquisition"). Pursuant to Exchange policy, certain insiders of the Company have entered into a pooling agreement whereby their common shares and warrants of the Company will be released from escrow upon the Exchange issuing its bulletin announcing final Exchange approval of the HBMS Acquisition. As previously announced, effective on closing of the transaction, and subject to shareholder approval, the Company will change its name to Hudson Bay International Minerals Corp. Completion of the transaction is subject to the receipt of all necessary shareholder, regulatory and third party consents, satisfaction of customary closing conditions and the raising of the required financing. About HBMS HBMS is a 75-year old mining company with approximately 1,350 employees. HBMS operates four mines in Northern Manitoba and Saskatchewan (the 777/Callinan, Trout Lake and Konuto mines) in the Flin Flon area and the Chisel North mine in the Snow Lake area. It has two strategically located ore concentrators located at Snow Lake and Flin Flon which produce copper and zinc concentrates for treatment at the Flin Flon metallurgical complex. HBMS has a strong ore reserve and resource base, substantially refurbished operations and an experienced workforce and management team, which will remain in place. The current operations have a known reserve and resource life of 13 years with growth potential. In addition to the extension of known ore bodies, HBMS' exploration team has a proven record of discovering new ore bodies, being credited with 19 of the 25 mines HBMS has developed in its 75-year history. HBMS' large land position of approximately 280,000 hectares in Manitoba and Saskatchewan offers excellent potential for further discoveries. HBMS has concentrators located in the mining areas of Flin Flon and Snow Lake to produce copper and zinc concentrates for treatment at its metallurgical complex in Flin Flon, which is located approximately 750 km north of Winnipeg. Zinc concentrates are processed into refined metal at HBMS' zinc pressure leach and electrowinning plant. Copper concentrates are processed into anodes at HBMS' Flin Flon smelter. HBMS has recently undergone a significant transformation with the completion of the capital investment program at its 777 group of projects. While developing the Chisel North zinc mine and the 777 mine, HBMS has also expanded its zinc plant and installed a state-of-the-art zinc cellhouse, expanded its Flin Flon concentrator and upgraded related infrastructure. In conjunction with the capital investment of more than $400 million, HBMS management has actively targeted productivity improvements combined with improvements in safety performance and environmental standards. The Company has engaged A.C.A. Howe International Limited to prepare a technical report on HBMS' mining assets in accordance with National Instrument 43-101 of the Canadian Securities Administrators. The information herein on mineral reserves and mineral resources and future production estimates is subject to change based upon the findings of A.C.A. Howe. ONTZINC Corporation is a mineral exploration and development company. Its strategy is to focus on the acquisition of high quality, North American mining assets at an advanced stage of development or that are already in production. The Company currently owns four mineral projects: the Balmat Mine in the State of New York, U.S.A.; the Gays River Mine in the Province of Nova Scotia, Canada; the Southwestern Ontario Project in the Province of Ontario, Canada; and the San Antonio Project in Chile. Completion of the transaction is subject to a number of conditions, including but not limited to Exchange acceptance. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except in publicly filed documents to be prepared in connection with the proposed acquisition, any information released or received with respect to the acquisition may not be accurate or complete and should not be relied upon. Trading in securities of the Company should be considered highly speculative. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. Safe Harbour Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the successful acquisition of HBMS by the Company, the future management of the Company, the successful financing of the acquisition, the price of zinc and copper, the timing and amount of estimated future production, reserve determination and reserve conversion rates involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to the acquisition, the current activities of the Company, the actual results of current exploration activities, conclusions of economic valuations, conclusions of due diligence investigations, and future prices of zinc and copper. There may be additional factors that could cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Shares Outstanding: 237,624,415 FOR FURTHER INFORMATION PLEASE CONTACT: GPC International Landon French Senior Consultant [phone] www.ontzinc.caThe TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release. © CCNMatthews https://www.globeinvestor.com/servlet/ArticleNews/story/CCNM/20041018/1018043n