Message Sam 23 Mar 2013 12:39

Inmet Recommends Shareholders Tender to First Quantum's Offe

March 22, 2013 15:27 ET
Inmet Recommends Shareholders Tender to First Quantum's Offer
- Inmet Appoints New Board of Directors -

TORONTO, CANADA--(Marketwire - March 22, 2013) - Inmet Mining Corporation ("Inmet" or the "Company") (TSX:IMN) today announces that its Board of Directors recommends that all Inmet shareholders tender their shares to the extended offer on or before the deadline of 5:00 p.m. (Eastern Daylight Time) on April 1, 2013 in order to facilitate prompt receipt of the offer consideration. This decision follows the announcement by First Quantum Minerals Ltd. ("First Quantum")(TSX:FM)(LSE:FQM) that 85.5% of the outstanding Inmet shares (on a fully diluted basis) have been tendered to and taken up under the First Quantum offer.
Shareholders who wish to exercise their rights of dissent under any Compulsory Acquisition or Subsequent Acquisition transaction should follow the procedures described in First Quantum's offer circular and not tender their shares. Shareholders with questions on tendering are asked to contact Inmet's information agent, Laurel Hill Advisory Group, at +1 877 452 7184 or Georgeson Shareholder Communications Canada, Inc. at 1-866-656-4120 (North America) or 1-781-575-2421 (outside North America).
Inmet also announces the resignation of the following Directors, effective immediately:
David R. Beatty, O.B.E.
Yilmaz Argüden
John Clappison
John C. Eby
Paul E. Gagné
Gerald W. Grandey
Oyvind Hushovd
Thomas A. Mara
Jochen Tilk
Douglas Whitehead
The following nominees of First Quantum have been appointed to serve on the new Board:
Philip Pascall, Chair
Martin Rowley
Clive Newall
Andrew Adams
Ce que l'on conçoit bien, s'énonce clairement, Et les mots pour le dire arrivent aisément. BOILEAU