HudBay completes Augusta Resource purchase

Jul 30, 2014 | 06:42 PM | Saranya Kapur

Tags  copper, Rosemont, Augusta Resource, HudBay Minerals, Saranya Kapur

NEW YORK — Copper and zinc miner HudBay Minerals Inc. has acquired 96 percent of the outstanding shares of Augusta Resource Corp., which owns the Rosemont copper project in Pima County, Ariz.

HudBay has now ended its acquisition offer of 0.315 of a HudBay share in exchange for one Augusta share as well as 0.17 of a warrant to acquire a common share of HudBay. The Toronto-based miner said it will acquire the remainder of Augusta’s shares....

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