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| Home : Andina Announces Expiry of Successful Bid by Hochschild Mining plc |
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Jan 14
2013 |
Andina Announces Expiry of Successful Bid by Hochschild Mining plc |
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TORONTO, ONTARIO--(Marketwire - Jan. 14, 2013) - Andina Minerals Inc. (TSX VENTURE:ADM) ("Andina" or the "Company") announced that Hochschild Mining plc (LSE:HOCM.L)(LSE:HOC LN) ("Hochschild") through its wholly owned subsidiary, 1710503 Alberta Ltd. (the "Offeror") has, since the initial extension of its November 16, 2012 offer (the "Offer") to acquire all of the outstanding common shares ("Shares") of Andina for CAD $0.80 per Share in cash on December 28, 2012, received to date tenders of an additional 5,308,672 Shares. The Offeror has taken up, and will within the time prescribed by applicable law, pay for all such additional Shares validly deposited pursuant to the Offer and not withdrawn prior to 5:00 p.m. (Toronto time) on January 11, 2013. Shareholders who deposited their Shares to the Offer will receive payment for such shares as soon as reasonably possible. After taking up the deposited Shares, Hochschild and its affiliates now own 117,432,924 Shares, representing 90.84% of the outstanding Shares on a fully-diluted basis. |
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| Source:http://www.marketwire.com/mw/release.do?id=1745317&sourceType=3 |
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