Google Website Translator Gadget

Tuesday, January 10, 2012

Rio Tinto offer for Hathor Exploration

Tuesday, 10 Jan 2012

Rio Tinto through an indirect wholly owned subsidiary has now taken up a total of 119,456,310 Hathor common shares representing approximately 93.76% of the outstanding common shares of Hathor on a fully diluted basis pursuant to its offer to acquire all of the outstanding Hathor common shares.

Rio Tinto offer expired at 5:00pm on 6 January 2012. All Hathor common shares validly deposited and not withdrawn before the expiry of the offer have been taken up and payment will be made for such shares within three business days of take-up. Rio Tinto now intends to acquire all outstanding Hathor common shares not tendered to the offer through a compulsory acquisition under the Canada Business Corporations Act.

Rio Tinto also intends to apply to delist the Hathor common shares from the Toronto Stock Exchange as soon as practicable after the completion of the compulsory acquisition.

No comments: