Nyrstar announces sale of Campo Morado mine for a total cash consideration of USD 20 million
27 Avril 2017 - 11:30PM
Regulated Information - Inside Information
27 April 2017 at 23.30 CEST
Nyrstar NV ("Nyrstar" or the
"Company") today announces that it has entered into a Share
Purchase Agreement (the "Agreement") to sell its Campo Morado mine
in Mexico to Telson Resources Inc. ("Telson") and Reynas Minas S.A.
de C.V. ("Reynas Minas") for a total cash consideration of USD 20
million (the "Consideration"), plus the potential for additional
future proceeds through the creation of a new royalty on the Campo
Morado mine (the "Transaction").
Telson is a Canadian based junior
resources company and trades on the TSX Venture Exchange under the
symbol TSN. Pursuant to the Agreement, Telson will own 99.9% of the
purchased shares while Reynas Minas, a Mexican based mining
consulting company, will own the other 0.1%.
The Consideration payable to
Nyrstar consists of USD 0.8 million that was paid to Nyrstar upon
signing the Agreement, USD 2.7 million payable in cash by the
closing of the Transaction, and USD 16.5 million payable in cash on
or before the 12 month anniversary of the closing of the
Transaction. Closing of the Transaction is subject to customary
closing conditions and is expected to occur by Q3 2017.
BMO Capital Markets Limited and
Lazard & Co. are acting as financial advisors to Nyrstar in
connection with the Transaction.
About
Nyrstar
Nyrstar is a global multi-metals business, with a market leading
position in zinc and lead, and growing positions in other base and
precious metals, which are essential resources that are fuelling
the rapid urbanisation and industrialisation of our changing world.
Nyrstar has mining, smelting and other operations located in
Europe, the Americas and Australia and employs approximately 4,300
people. Nyrstar is incorporated in Belgium and has its corporate
office in Switzerland. Nyrstar is listed on Euronext Brussels under
the symbol NYR. For further information please visit the Nyrstar
website: www.nyrstar.com.
For further information
contact:
Anthony Simms Group Manager Investor
Relations T: +41 44 745 8157 M: +41
79 722 2152
E: anthony.simms@nyrstar.com
Franziska Morroni Group Manager Corporate
Communications T: +41 44 745 8295 M: +41 79
719 2342
E: franziska.morroni@nyrstar.com
The full press release can be downloaded from the
following link:
Press Release (English)
Press Release (Dutch)
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Nyrstar via Globenewswire
Nyrstar NV (EU:NYR)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Nyrstar NV (EU:NYR)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024