Hochschild to acquire Adina Minerals after shareholders agree to sell

Hochschild Mining, the precious metals company, has announced that its wholly owned subsidiary, Alberta, has satisfied the conditions of its previously announced offer to acquire all of the outstanding shares of Adina Minerals.

The shares, which represent approximately 81.49% of the outstanding stock, have been purchased for $0.80 per share in cash.

The remaining shareholders have been offered an extension to the expiry date of the offer to allow them the chance to deposit their shares.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

Hochschild said it plans to acquire all of the outstanding shares and added that it will exercise its statutory right to acquire all of the shares not permitted under the offer.

NR