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Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares.


TSX:MARI - Post by User

Bullboard Posts
Comment by grossmrkupon Jan 27, 2018 4:46pm
69 Views
Post# 27447861

RE:Company takeovers

RE:Company takeoversRemember Tyler Resources?  They had high hopes too.

Jinchuan Group to Acquire Tyler Resources for CDN$1.60 Per Share

 

CALGARY, ALBERTA--(Marketwire - Jan. 6, 2008) - Tyler Resources Inc. (TSX VENTURE:TYS) ("Tyler" or the "Company") is pleased to announce that it has signed a definitive support agreement with Jinchuan Group Ltd. ("Jinchuan"), China's largest producer of nickel, cobalt and platinum group metals and a major producer of copper, pursuant to which Jinchuan will make an offer (the "Offer") to acquire all of the issued and outstanding common shares on a fully diluted basis (the "Shares") of Tyler for Cdn$1.60 per Share in cash. The Offer values Tyler at approximately Cdn$214 million on a fully diluted basis.

The Offer represents a 116% premium to Tyler's closing price on October 18, 2007, the last trading day prior to the announcement of the unsolicited offer by Mercator Minerals Ltd. ("Mercator"), and represents a 60% premium to Tyler's most recent closing price on January 4, 2008. In addition, the Offer represents a 54% premium to Mercator's November 9, 2007 unsolicited offer based on Mercator's closing price on January 4, 2008.

Bullboard Posts