HudBay Minerals Inc. (“HudBay”) completed the acquisition of all the outstanding common shares of Norsemont Mining Inc. (“Norsemont”) that HudBay did not already own, pursuant to a compulsory acquisition carried out under the provi-sions of the Business Corporations Act (British Columbia) following its successful take-over bid offer. The transaction was valued at $520 million.
HudBay Minerals Inc. (TSX: HBM)(NYSE: HBM) is a Canadian integrated mining company with assets in North, Central and South America principally focused on the discovery, production and marketing of base metals. Norsemont is a mineral exploration and development company that owns the Constancia copper deposit in Peru.
HudBay was represented in-house by Patrick Donnelly and Maria Virginia Anzola; and in Canada by Goodmans LLP with a team led by Jonathan Lampe and Kari MacKay and including Shevaun McGrath, Mark Haber, Peter Hawkings and Victoria Petherbridge. Thorsteinssons LLP also advised HudBay on tax matters with a team that included Michael Col-borne and Michael McLaren.
Norsemont was represented by Fraser Milner Casgrain LLP with a team led by John Sabine, Abbas Ali Khan and Sander Grieve, including Peter Danner, Elianeth Alicea, Matthew Peters and Brian Abraham; and by Max Pinsky of Max Pinsky Personal Law Corp.