Nyrstar Acquires Farallon Mining

On January 5, 2011, Nyrstar NV (“Nyrstar”), through its indirect, wholly owned subsidiary, Nyrstar Canada (Holdings) Ltd., acquired all of the issued and outstanding common shares of Farallon Mining Ltd. (“Farallon”) by way of takeover bid, with a total of 462,400,996 common shares of Farallon validly deposited at the expiry time of the offer representing approximately 93.75 per cent of Farallon's issued and outstanding common shares. Nyrstar offered shareholders of Farallon $0.80 in cash for each common share of Farallon.

The consideration under the offer represented a premium of 32 per cent using the 20-day volume weighted average prices of Farallon on the TSX, respectively for the 20-trading-day period ending November 12, 2010 (the last trading day prior to the announcement of the transaction). The value of the total consideration offered to the Farallon shareholders was approximately $409 million calculated on a fully diluted basis.

Nyrstar is a leading global multi-metals business.

Nyrstar was represented by its in-house counsel, Tina Wu, and by Fraser Milner Casgrain LLP with a team that included Alan Hutchison, Gary Sollis, Keith Bustard and Daniel Katzin (securities and mergers & acquisitions); Lori Mathison (tax) and Matthew Curtis (employment and litigation).

Farallon was represented by its in-house counsel, Trevor Thomas, and by McMillan LLP with a team that included Bernhard Zinkhofer, Amandeep Sandhu, Barbara Collins and Lance Bredeson (capital markets/securities) and Herbert Ono (capital markets/US securities).


Daniel Katzin Keith Bustard Alan J. Hutchison Herbert I. Ono Barbara Collins Lance Bredeson Gary R. Sollis Bernhard J. Zinkhofer Matthew J.G. Curtis Amandeep Sandhu Lori Anne Mathison