| | Published : April 09th, 2007 | Offer documents and LionOre Directors' circular delivered in respect of Xstrat |
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NEWS RELEASE
XSTRATA OFFER DOCUMENTS AND LIONORE DIRECTORS CIRCULAR DELIVERED IN RESPECT OF XSTRATAS
C$18.50 PER SHARE CASH OFFER FOR LIONORE
Toronto and Zug, 9 April 2007
Xstrata plc ("Xstrata") and LionOre Mining International Ltd. ("LionOre") announce that Xstrata's formal offer documents in respect of the offer to acquire the outstanding common shares of LionOre at a price of C$18.50 in cash per share have been filed with the Canadian securities regulators. LionOre has also filed its directors' circular recommending LionOre shareholders accept the offer. Both documents were mailed to LionOres registered shareholders on 5 April 2007.
On 26 March 2007, Xstrata and LionOre announced Xstrata's intention to make a friendly take-
over bid for LionOre, valuing the total common share capital of LionOre at approximately C$4.6 billion (approximately US$4 billion).
The offer is open for acceptance until 8:00 pm (Toronto time) on Friday 25 May 2007, unless extended or withdrawn.
Full particulars of the offer are set out in the offer and offering circular filed by Xstrata and the directors circular filed by LionOre. These documents are available on the Canadian Securities Administrators' website at www.sedar.com under LionOre's company profile, on the Xstrata website at www.xstrata.com and on the LionOre website at www.lionore.com.
Ends
LionOre shareholders with questions should contact:Kingsdale Shareholder Services Inc.
North American Toll Free: 1-866-879-7650Outside North America, Banks and Brokers Call Collect: +1 (416) 867-2272Email: contactus@kingsdaleshareholder.com
Xstrata contacts
Ian Hamilton Claire Divver
Telephone +1 416 982 7161 Telephone +44 20 7968 2871
Mobile +1 416 902 0986 Mobile +44 7785 964 340
Email ihamilton@xstratanickel.ca Email cdivver@xstrata.com
www.xstrata.com
LionOre contacts
Alex Buck Freda Colbourne
Telephone +44 7932 740 452 Telephone +1 416 979 1120 x. 262
Email alex@buckbias.com Mobile +1 416 560 7794
Email Freda.colbourne@edelman.com
www.lionore.com
Legal Notice
The offer referred to above (the Offer) is being made by Xstrata Canada Acquisition Corp. (the Offeror), a wholly-owned indirect subsidiary of Xstrata.
This announcement is for informational purposes only and does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security. The Offer (as the same may be varied or extended in accordance with applicable law) is being made exclusively by means of, and subject to the terms and conditions set out in, the offer and offering circular document mailed to LionOre shareholders and filed with Canadian provincial securities regulators by Xstrata and the Offeror. LionOre shareholders should read these materials carefully because they contain important information, including the terms and conditions of the Offer.
The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions,
Each of Macquarie Bank Limited, TD Securities Inc. and TD Securities (USA) LLC is acting exclusively for Xstrata and the Offeror and no one else in connection with the Offer and will not be responsible to anyone other than Xstrata and the Offeror for providing the protections afforded to its clients or for providing advice in relation to the Offer and/or any other matter referred to in this announcement.
Neither the content of Xstratas website, LionOres website or any other website nor the content of any website accessible from hyperlinks on Xstratas website, LionOres website or any other website is incorporated into, or forms part of, this announcement.
Forward-Looking Statements
This document contains statements which are, or may be deemed to be, "forward looking statements" which are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Xstrata to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Important factors that could cause actual results, performance or achievements of Xstrata to differ materially from the expectations of Xstrata include, among other things, general business and economic conditions globally, commodity price volatility, industry trends, competition, changes in government and other regulation, including in relation to the environment, health and safety and taxation, labor relations and work stoppages, changes in political and economic stability, the failure to meet certain conditions of the Offer and/or the failure to obtain the required approvals or clearances from regulatory and other agencies and bodies on a timely basis or at all, the inability to successfully integrate LionOre's operations and programs with those of Xstrata, incurring and/or experiencing unanticipated costs and/or delays or difficulties relating to integration of LionOre, disruptions in business operations due to reorganization activities and interest rate and currency fluctuations. Such forward-looking statements should therefore be construed in light of such factors.
Other than in accordance with its legal or regulatory obligations (including under the UK Listing Rules and the Disclosure and Transparency Rules of the Financial Services Authority), Xstrata is not under any obligation and Xstrata expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : XTA.L |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Xstrata is a zinc and lead producing company based in Switzerland. Xstrata produces zinc, lead, bauxite, coal, cobalt, copper, gold, molybdenum, nickel and silver in Argentina, in Australia, in Botswana, in Canada, in Chile, in Colombia, in Jamaica and in Peru, develops cobalt, copper, copper , gold, lead, molybdenum, nickel, palladium, platinum, silver, uranium and zinc in Argentina, in Australia, in Canada, in Chile, in Dominican Republic, in New Caledonia and in Philippines, and holds various exploration projects in Argentina, in Australia, in Botswana, in Brazil, in Canada, in Chile, in Greenland, in Ireland, in Mexico, in Norway, in Panama, in Papua New Guinea, in Peru, in South Africa, in Turkey and in Yemen. Its main assets in production are ALUMBRERA in Argentina, KIDD CREEK MINE (MINE D), CRAIG - ONAPING (SUDBURY) MINE, PELLETIER LAKE (STADACONA MINE), LINDSLEY MINE, NORALEX (WEST ANSIL, HORNE, ETC), STRATHCONA, KIDD CREEK DIVISION, BUCKO LAKE, FALCONBRIDGE MINE, RAGLAN, SUDBURY, BRUNSWICK MINE and KIDD in Canada, HYC MCARTHUR RIVER, MOUNT ISA LEAD ZINC SILVER, ERNEST HENRY, BOUNTY MINE, COSMOS MINE, THUNDERBOX, EMILY ANN (LAKE JOHNSTON), MT MCCLURE, MT ISA, SILVER SWAN, MT ISA BLACK STAR, MT ISA ENTERPRISE and EMILY ANN in Australia, LOMAS BAYAS and COLLAHUASI MINE in Chile, TINTAYA, ANTAMINA, ANTAMINA and ANTAMINA ZINC ORE in Peru, PHOENIX MINE (TATI NICKEL) in Botswana, PRODECO in Colombia and ST ANN BAUXITE in Jamaica, its main assets in development are LENNARD SHELF, MAGGIE HAYS, CLONCURRY COPPER and LENNARD SHELF in Australia, CERRO DE MAIMON and FALCONDO MINE in Dominican Republic, AGUA RICA and EL PACHON in Argentina, HACKETT RIVER, PREMIERE RIDGE, ONAPING DEPTH, FRASER MORGAN, NICKEL RIM SOUTH, ONAPING DEPTH, PERSEVERANCE and PD1 in Canada, LOMAS BAYAS II in Chile, KONIAMBO in New Caledonia and TAMPAKAN in Philippines and its main exploration properties are HORNE SMELTER, ISLAND COPPER, KONRAD, MARY MARCH, MEGATEM, ROBB LAKE, AKWESKWA, MUSK, CEZINC, DONKIN, TROILUS / TORTIGNY, TORTIGNY, SABIN, CHANCE, TULKS NORTH, CATFACE, GREAT BURNT LAKE, WEST ANSIL, TULK SOUTH - DOMINO, TULK EAST B ZONE, TULK SOUTH BOOMERANG, TULK EAST A ZONE, TULK LONG LAKE MAIN ZONE, SKIDDER, MATAGAMI, HEATH STEELE MINES, GASPE MINE and MONTCALM TWP PROP in Canada, BLACK ROCK, TOBY CREEK, MUSGRAVE, MOUNT PEAKE and SINCLAIR in Australia, ELMALAAN in Turkey, MANGABAL in Brazil, KABANGA in Tanzania, FRIEDA - NENA DEPOSIT in Papua New Guinea, PALLAS GREEN in Ireland and DIKOLOTI in Botswana. Xstrata is listed in Germany and in United Kingdom. Its market capitalisation is 45.7 billions as of today (US$ 71.1 billions, € 54.3 billions). Its stock quote reached its lowest recent point on April 30, 2013 at 963.50, and its highest recent level on May 02, 2013 at 999.70. Xstrata has 47 442 200 shares outstanding. |
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