HudBay Minerals Inc. announced today it has successfully acquired the 2,562,313 remaining common shares of Norsemont Mining Inc. not already owned by it, representing approximately 2.2% of the issued and outstanding common shares, pursuant to a compulsory acquisition carried out under the provisions of the Business Corporations Act (British Columbia) following its previously announced successful tender offer. As a result of the acquisition of such shares, HudBay now owns 116,103,244 common shares of Norsemont, representing 100% of the issued and outstanding common shares.
The common shares of Norsemont have been de-listed from the Toronto Stock Exchange as at the close of markets on July 5, 2011 and are in the process of being de-listed from the Lima Stock Exchange. HudBay intends to cause Norsemont to apply to the relevant securities commissions for it to cease to be a reporting issuer in all applicable jurisdictions as soon as practicable following the de-listing of the common shares from the Lima Stock Exchange.