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mediscience Free

12/08/14 4:32 PM

Post #3

nyrstar world leader in Zn, has more than 4,600 employees...

moneyday

01/15/11 10:31 AM

Post #2

Nyrstar To Acquire Farallon Mining In C$400 Million Deal
Nyrstar (D) (EU:NYR)
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Belgian zinc and lead mining company Nyrstar NV (NYR.BT) will acquire Vancouver-based Farallon Mining Ltd. (FRLIF, FAN.T) for C$400 million, the companies said Monday.

Nyrstar agreed to pay 80 Canadian cents a share in cash for Farallon, which operates a multi-metal zinc mine in southern Mexico. The offer represents a 23% premium over the 65-cent closing price of Farallon shares on the Toronto Stock Exchange.

Farallon's executives and directors have endorsed the deal, and entered lock-up agreements to vote in favor of the transaction, representing 19% of outstanding shares.

The deal requires a two-thirds vote of Farallon shareholders. Farallon agreed to a C$12 million termination fee if it breaks off the deal to accept a superior offer.

Farallon's G-9 mine, located in Mexico's southern Guerrero state, was completed in July 2008 and began commercial production in April last year. The mine's targeted annual production is 120 million pounds of zinc, 15 million pounds of copper, 6 million pounds of lead, 1.5 million ounces of silver and 14,500 ounces of gold.

-By Edward Welsch, Dow Jones Newswires; 403-229-9095; edward.welsch@dowjones.com

moneyday

01/14/11 12:56 PM

Post #1

Upcoming stock, adds new mines to its inventory.

Nyrstar NV (NYR)

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Nyrstar SA/NV Announces EUR 500 Million Rights Offering Approval Thursday, 6 Jan 2011 07:49am EST Nyrstar SA/NV announced that it has held a second extraordinary general shareholders' meeting ("EGM") to vote on a proposal to permit a rights offering in an amount of up to EUR 500 million. The proposal was approved by the EGM. Farallon Mining Limited Announces Take Up Of Shares By Nyrstar NV Wednesday, 5 Jan 2011 07:09pm EST Farallon Mining Limited announced that it has been advised that 462,400,996 (or approximately 93.7%) of its common shares on a fully-diluted basis were validly deposited pursuant to the previously announced offer by Nyrstar NV to acquire all of the outstanding common shares of Farallon (Offer). The Offer was conditional on a number of customary conditions, including a minimum acceptance condition of 66 2/3%, receipt of all regulatory approvals and no material adverse change in Farallon's business. All of these conditions have been satisfied and Nyrstar Canada has given notice to the depositary that it will take up and pay for all of the Shares deposited under the Offer. Payment for the deposited shares will be made on or before January 12, 2011. Nyrstar has also indicated that it intends to exercise its statutory rights under the compulsory acquisition provisions of the. Business Corporations Act (British Columbia) to acquire the remaining common shares of Farallon that were not deposited pursuant to the Offer. Under the terms of the compulsory acquisition, shareholders of Farallon will be offered the same CAD0.80 in cash for each common share acquired by the acquisition procedure. In conjunction with take-up of shares of Farallon, Farallon's Board of Directors and Officers are resigning in favour of Nyrstar's representatives. Effective immediately.