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News > Metminco's Offer for Hampton Mining Limited Now Unconditional
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Following a review by Directors and subject to shareholder approval and the requirements of the Australian Securities & Investments Commission and the ASX, Metminco Limited will make its offer for Hampton Mining Limited unconditional except for the ‘prescribed occurrences’. Specifically, Metminco proposes to waive the controlling interest condition, paragraph 12.2.1 of the Bidder’s Statement.
The shareholder meeting is proposed for late June 2009. However, should a controlling interest in Hampton Mining be achieved prior to this date, the meeting will not be required. Metminco remains confident that the advanced exploration assets of Hampton, located in Peru & Chile have the potential to evolve into large base metal discoveries and bring significant value to shareholders.
As advised to the ASX on 15 May 2009, Metminco has received acceptances for 72,087,265 shares, or 34.66% of the issued capital of Hampton Mining Ltd. The offer remains open until 26 June 2009 unless otherwise extended.
Date: Thursday 28 May 2009