Hudbay Minerals Acquires Norsemont Mining For $520M

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.


Peter Danner Shevaun McGrath Peter Hawkings Patrick Donnelly Victoria Petherbridge Abbas Ali Khan Kari MacKay Michael H. McLaren Jonathan Lampe Sander Grieve John W. Sabine Matthew D. Peters Mark Haber Max Pinsky