RE:RE:A fair comparisonNi price 4.23$/lb in 2007
In 2007, Lundin Mining offer 1B$ for all assets of Rio Narcea Gold Mines including the MINE AQUA BLANCA IN SPAIN
VANCOUVER, BRITISH COLUMBIA–(Marketwire - Aug. 22, 2007) - Lundin Mining Corporation (TSX:LUN)(OMX:LUMI)(AMEX:LMC) (“Lundin Mining” or the “Company”) is pleased to announce that as of August 20, 2007, the final day of its amended offer to acquire all of the shares and warrants of Rio Narcea Gold Mines, Ltd. (“Rio Narcea”), 158,018,283 shares of Rio Narcea, representing approximately 93.1% of the Rio Narcea shares outstanding, had been tendered to Lundin Mining’s amended offer, announced on July 17, 2007. In addition, 20,099,020 share purchase warrants had been deposited to the amended offer. In combination, the shares and warrants tendered under the offer total approximately 92.9% of the fully diluted shares outstanding. Under the terms of the amended offer, Rio Narcea shareholders and warrant holders will receive Cdn$5.50 for each share and Cdn $1.04 for each warrant tendered to the bid.