Hudbay Welcomes Support of Company’s Largest Shareholder in Proxy Contest
April 17 2019 - 12:33PM
Hudbay Minerals Inc. (“Hudbay” or the “company”)
(TSX, NYSE: HBM) today announced that the
company’s largest shareholder, Letko, Brosseau & Associates
Inc., an independent investment manager that exercises investment
control or direction over approximately 35,112,398 shares or 13.4%
of Hudbay’s issued and outstanding shares, has confirmed that it
intends to vote FOR Hudbay’s eleven director nominees on the GREEN
form of proxy. Dissident shareholder Waterton Global Resource
Management, Inc. is currently waging a proxy contest against the
company.
Proxy Voting Information
Time is short and the stakes are high. In order
to ensure that your vote is counted at the Annual and Special
Meeting of Shareholders, shareholders are urged to vote only the
GREEN proxy FOR the nominees recommended by
Hudbay, and ensure that your proxy is received prior to the proxy
voting deadline of 10:00 a.m. (Toronto time) on Friday, May 3,
2019. For assistance voting your proxy, shareholders should contact
Laurel Hill Advisory Group at 1-877-452-7184 (toll-free for
Hudbay shareholders in North America) or 1-416-304-0211 (collect
call for Hudbay shareholders outside North America) or
assistance@laurelhill.com.
Forward-Looking
Information
This news release contains “forward-looking
statements” and “forward-looking information” (collectively,
“forward-looking information”) within the meaning of applicable
Canadian and United States securities legislation. Forward-looking
information is not, and cannot be, a guarantee of future results or
events.
Forward-looking information is based on, among
other things, opinions, assumptions, estimates and analyses that,
while considered reasonable by us at the date the forward-looking
information is provided, inherently are subject to significant
risks, uncertainties, contingencies and other factors that may
cause actual results and events to be materially different from
those expressed or implied by the forward-looking information. The
risks, uncertainties, contingencies and other factors that may
cause actual results to differ materially from those expressed or
implied by the forward-looking information may include, but are not
limited to, risks generally associated with the mining industry,
such as economic factors (including future commodity prices,
currency fluctuations, energy prices and general cost escalation),
as well as the risks discussed under the heading “Risk Factors” in
Hudbay’s most recent Annual Information Form.
Should one or more risk, uncertainty,
contingency or other factor materialize or should any factor or
assumption prove incorrect, actual results could vary materially
from those expressed or implied in the forward-looking information.
Accordingly, undue reliance should not be placed on forward-looking
information. Hudbay does not assume any obligation to update or
revise any forward looking information after the date of this
news release or to explain any material difference between
subsequent actual events and any forward-looking information,
except as required by applicable law.
About Hudbay
Hudbay (TSX, NYSE: HBM) is an integrated mining
company primarily producing copper concentrate (containing copper,
gold and silver), molybdenum concentrate and zinc metal. With
assets in North and South America, the company is focused on the
discovery, production and marketing of base and precious metals.
Directly and through its subsidiaries, Hudbay owns three
polymetallic mines, four ore concentrators and a zinc production
facility in northern Manitoba and Saskatchewan (Canada) and Cusco
(Peru), and copper projects in Arizona and Nevada (United States).
The company’s growth strategy is focused on the exploration and
development of properties it already controls, as well as other
mineral assets it may acquire that fit its strategic criteria.
Hudbay’s vision is to be a responsible, top-tier operator of
long-life, low-cost mines in the Americas. Hudbay’s mission is to
create sustainable value through the acquisition, development and
operation of high-quality, long-life deposits with exploration
potential in jurisdictions that support responsible mining, and to
see the regions and communities in which the company operates
benefit from its presence. The company is governed by the Canada
Business Corporations Act and its shares are listed under the
symbol "HBM" on the Toronto Stock Exchange, New York Stock Exchange
and Bolsa de Valores de Lima. Further information about Hudbay can
be found on www.hudbay.com.
For investor inquiries, please contact:
Laurel Hill Advisory Group(416) 304-0211 or 1
(877) 452-7184assistance@laurelhill.com
Candace BrûléDirector, Investor Relations
(416) 814-4387 candace.brule@hudbay.com
For media inquiries, please
contact:
Joel
Shaffer
Longview Communications and Public Affairs(416)
649-8006jshaffer@longviewcomms.ca
Scott BrubacherDirector, Corporate
Communications (416) 814-4373
scott.brubacher@hudbay.com
Hudbay Minerals (TSX:HBM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hudbay Minerals (TSX:HBM)
Historical Stock Chart
From Apr 2023 to Apr 2024