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Minco PLC Completes Acquisition Of Buchans Minerals Corporation
Minco PLC announced the closing of the scheme of arrangement for the acquisition of Buchans Minerals Corporation by Minco. Pursuant to the arrangement, Minco acquired 150,898,545 Buchans Shares, or 90.7% of the issued and outstanding common shares of Buchans in exchange for ordinary shares of Minco on the basis of 0.826 of a Minco Share for each Buchans Share resulting in Minco holding 166,283,160 Buchans Shares (or 100%). The Minco Shares are listed on the Alternative Investment Market (AIM) of the London Stock Exchange under the symbol 'MIO' and the new Minco Shares were admitted to trading on July 17, 2013.
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