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Message: OSC reverses TSX decision ...Lundin Mining Corp
| January 23, 2009 |
| Lundin Mining Corporation: OSC Reverses TSX Decision |
| TORONTO, ONTARIO--(Marketwire - Jan. 23, 2009) - Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:LUN)(NYSE:LMC)(OMX:LUMI) reports that the Ontario Securities Commission (the "OSC") has reversed the Toronto Stock Exchange's (the "TSX") December 10, 2008 decision granting conditional approval for the listing of the HudBay shares to be issued as consideration in connection with the acquisition by HudBay Minerals Inc. ("HudBay") of all of the issued and outstanding shares of Lundin Mining pursuant to an arrangement under the Canada Business Corporations Act. In reversing the TSX's decision, the OSC determined that a HudBay shareholders' meeting is required prior to the completion of the previously announced plan of arrangement with Lundin. Lundin Mining is reviewing the OSC decision and advises that the Lundin Mining Special General Meeting of Shareholders to consider the HudBay/Lundin Mining arrangement will proceed as scheduled on Monday, January 26, 2009. The Special General Meeting will be held 10:00 a.m. (Toronto time) at the Imperial Room at The Fairmont Royal York Hotel, 100 Front Street West, Toronto, Ontario, M5J 1E3. Background on Lundin Mining Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Spain and Sweden producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper/cobalt project in the Democratic Republic of Congo and holds an extensive exploration portfolio and interests in international mining and exploration ventures. On behalf of the Board, Phil Wright, President and CEO |
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