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Wednesday, April 04, 2007 1:11:08 PM

Re: flo_fan post# 213

Post# of 257
Posted by: JamaicaBaby
In reply to: ezcomngo who wrote msg# 4055 Date:4/4/2007 1:09:19 PM
Post #of 4070

from earlier today EZ

10:21AM Rio Narcea Gold Mines: LMC confirms it will acquire RNO for Cdn $5.00 cash per Share and Cdn $1.04 cash per Warrant. (RNO) 4.18 +0.00 : Lundin Mining Corporation (LMC) and Rio Narcea Gold Mines (RNO) confirms that they have entered into a definitive support agreement pursuant to which Lundin Mining will offer to acquire all of the outstanding common shares of RNO on a fully diluted basis and all of the outstanding warrants of RNO by way of a take-over bid for Cdn $5.00 cash per Share and Cdn $1.04 cash per Warrant. The consideration under the Offer represents a 22.90% premium over the 30-day weighted average trading price of Rio Narcea's Shares as at April 3, 2007 and a 3.7% premium to the closing price of the Shares of Rio Narcea on April 3, 2007... Rio Narcea has entered into a support agreement with Lundin Mining that provides for, among other things, a non-solicitation covenant on the part of Rio Narcea, a right in favor of Lundin Mining to match any competing offers, and a non-completion fee payment of Cdn $25 mln to be paid by Rio Narcea under circumstances. (RNO is halted)

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