Antofagasta PLC (ANTO.L)
21 Oct 2016
Latest Key Developments (Source: Significant Developments)
Wallbridge:Closes on its share purchase transaction with Antofagasta Investment Company Limited.Whereby Antofagasta purchased 5,075,061 common shares in the capital of Duluth Metals Limited from Wallbridge at C$0.45 per share for aggregate gross proceeds of $2,283,777.45.Concurrent with the closing of the share purchase transaction with Antofagasta, Wallbridge also prepaid $750,000 of its outstanding $1.5 mln bridge loan owing to Auramet International LLC.No penalty was payable by Wallbridge to exercise its prepayment rights in respect of the Auramet loan. Full Article
Duluth Metals Limited completes initial tranche of private placement with Antofagasta Investment Company Limited
Duluth Metals Limited:Completes the initial tranche of the private placement with Antofagasta Investment Company Limited, a wholly-owned subsidiary of Antofagasta PLC.Comprised of 2,222,222 common shares at a price of C$0.45 per share for gross proceeds of about C$1,000,000.Private placement was completed in connection with a binding agreement dated Nov. 03 between Duluth and Antofagasta.Whereby Antofagasta has agreed to acquire all of the outstanding common shares of Duluth by way of a friendly take-over bid or a plan of arrangement at a price of C$0.45 per common share in cash.Says a second tranche of the private placement, in the amount of C$1.3 mln, is expected to be completed on the date of execution of a definitive agreement with respect to the Transaction, which is scheduled to occur by Nov. 21. Full Article
Antofagasta PLC:Says Antofagasta Investment Co. Ltd, a wholly-owned subsidiary, has agreed to acquire 5,075,061 common shares of Duluth Metals Ltd on Nov. 10 from Wallbridge Mining Company Ltd.Share purchase agreement may be assigned to an affiliate of Antofagasta.Consideration for each Duluth Share is $0.45. Full Article
LONDON, Aug 16 Britain's top shares index slipped from a 14-month high on Tuesday as higher-than-expected UK inflation data weighed on the market.