Equinox postpones special shareholder meeting and extends of
Posté: Mar 5 Avr 2011 06:51Equinox postpones special shareholder meeting and extends offer for Lundin
TORONTO, ON, April 4, 2011: Equinox Minerals Limited (TSX and ASX symbol: “EQN”) ("Equinox" or the “Company”) announced today that it has postponed its special meeting of shareholders called to consider the acquisition of Lundin Mining Corporation (“Lundin”). The meeting, originally scheduled to be held on Monday, April 11, 2011, has been rescheduled for Tuesday, April 26, 2011.
The Board of Directors considers this postponement to be the preferred course of action given the announcement by Minmetals Resources Limited (''Minmetals'') of its intention to make an unsolicited take-over bid for the Company. The postponement will not impair the path forward on the Company's proposal to acquire Lundin. This should, however, allow time for shareholders to receive and consider the comments of the Board of Directors as well as any other advice that the Board may offer in the meantime. The timing of a formal recommendation by the Board of Directors will be dependent upon the making by Minmetals of a formal offer in relation to its announced take-over bid.
Although the actions of Minmetals have thus far been limited to the announcement of an intention to make a take-over bid, the Company's Board of Directors will be meeting shortly to give consideration to this and expects to be in a position to provide a further update in the coming days.
Equinox also announced that it plans to extend the date that its offer to acquire all of the issued and outstanding Lundin common shares will remain open for acceptance from 6:00 p.m. (Toronto time) on April 14, 2011 to 6:00 p.m. (Toronto time) on April 29, 2011. Equinox intends to mail a formal notice of change in information and extension to Lundin shareholders prior to April 14, 2011.
TORONTO, ON, April 4, 2011: Equinox Minerals Limited (TSX and ASX symbol: “EQN”) ("Equinox" or the “Company”) announced today that it has postponed its special meeting of shareholders called to consider the acquisition of Lundin Mining Corporation (“Lundin”). The meeting, originally scheduled to be held on Monday, April 11, 2011, has been rescheduled for Tuesday, April 26, 2011.
The Board of Directors considers this postponement to be the preferred course of action given the announcement by Minmetals Resources Limited (''Minmetals'') of its intention to make an unsolicited take-over bid for the Company. The postponement will not impair the path forward on the Company's proposal to acquire Lundin. This should, however, allow time for shareholders to receive and consider the comments of the Board of Directors as well as any other advice that the Board may offer in the meantime. The timing of a formal recommendation by the Board of Directors will be dependent upon the making by Minmetals of a formal offer in relation to its announced take-over bid.
Although the actions of Minmetals have thus far been limited to the announcement of an intention to make a take-over bid, the Company's Board of Directors will be meeting shortly to give consideration to this and expects to be in a position to provide a further update in the coming days.
Equinox also announced that it plans to extend the date that its offer to acquire all of the issued and outstanding Lundin common shares will remain open for acceptance from 6:00 p.m. (Toronto time) on April 14, 2011 to 6:00 p.m. (Toronto time) on April 29, 2011. Equinox intends to mail a formal notice of change in information and extension to Lundin shareholders prior to April 14, 2011.