Josemaria Resources Inc. obtained a final order from the Supreme Court of British Columbia approving the previously announced plan of arrangement with Lundin Mining Corp. where Lundin Mining will acquire all of the outstanding common shares of Josemaria for total consideration of approximately C$625 million on a fully diluted basis.
The transaction was previously approved by the security holders of the company at the special meeting of security holders held on April 21. The arrangement closed on April 28.
Josemaria Resources Inc. owns Josemaria copper-gold project in the San Juan province of Argentina. The orebody contains copper, gold and silver, and is scheduled to start producing in 2026. Josemaría will generate exports of $7 billion per year.
