Precious metal company Warrants Message Board

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Gold/Mining/Energy : Precious metal company Warrants

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To: calgarylady who wrote (599)	4/4/2007 10:42:52 AM
From: LoneClone	Read Replies (1) of 681

Not so -- this is a terrible deal for shareholders and warrant holders. We can only hope there is a better offer. Lundin Mining offers to buy Rio Narcea for C$5/shr Wed Apr 4, 2007 10:37am ET14 TORONTO, April 4 (Reuters) - Lundin Mining Corp. (LUN.TO: Quote, Profile , Research) said on Wednesday it has agreed to buy junior miner Rio Narcea Gold Mines Ltd. (RNG.TO: Quote, Profile , Research) for C$5 per share and C$1.04 per warrant. The cash offer represents a 3.7 percent premium over Rio Narcea's price on the Toronto Stock Exchange. Concurrent with the deal and contingent on its success, Lundin has agreed to sell its Tasiast gold mine to to Red Back Mining Inc. (RBI.TO: Quote, Profile , Research) for US$225 million, it said. ($1=$1.16 Canadian)

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