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Compania de Minas Buenaventura SAA Announces Project Of Merger By Incorporation Of Compania de Exploraciones, Desarrollo e Inversiones Mineras SAC


Thursday, 28 Feb 2013 07:57pm EST 

Compania de Minas Buenaventura SAA announced the Project of Merger by Incorporation of Compania de Exploraciones, Desarrollo e Inversiones Mineras SAC into the Company. As a result, Compania de Exploraciones, Desarrollo e Inversiones Mineras SAC will transfer to Compania de Minas Buenaventura SAA its assets and it will be dissolved without liquidation. Compania de Minas Buenaventura SAA will increase its share capital and the new shares issued will be delivered to the shareholders in the proportion which each one of them had in the incorporated company. The share capital of Compania de Exploraciones, Desarrollo e Inversiones Mineras SAC is set at an exchange ratio of one share of Compania de Minas Buenaventura SAA for every 10 shares of the shareholders of Exploraciones, Desarrollo e Inversiones Mineras SAC. The merger will be effective on May 1, 2013.