June 11, 2007 / 12:15 PM / 11 years ago

Peru Copper announces friendly C$6.60/share cash offer by Aluminum of China and concurrent C$70 mln private placement

Co announces that it has entered into a definitive agreement pursuant to which Aluminum Corp of China has agreed, subject to the terms of the Support Agreement, to make an offer to acquire all the outstanding CUP shares by way of a friendly take-over bid for C$6.60 per share in cash, valuing the co at approximately C$840 mln. In order to ensure that Peru Copper has adequate funds to advance the Toromocho Project in the near term, Chinalco has also agreed to invest C$70 mln by subscribing for 13.2 million Peru Copper shares at a price of C$5.30 per share

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below