Hochschild Mining PLC Hochschild completes Andina shares acquisition (3322Y)
February 20 2013 - 11:14AM
UK Regulatory
TIDMHOC
RNS Number : 3322Y
Hochschild Mining PLC
20 February 2013
_____________________________________________________________________________
20 February 2013
Hochschild Announces Completion of Compulsory Acquisition of
Andina Minerals Common Shares
Hochschild Mining plc ("Hochschild") is pleased to announce that
its wholly owned subsidiary, 1710503 Alberta Ltd. (the "Offeror")
has completed its previously announced compulsory acquisition under
the Business Corporations Act (Alberta) of all of the outstanding
Andina common shares ("Andina Shares") not already owned by it
following its previously announced successful take-over bid. As a
result of the acquisition, Hochschild now indirectly owns 100% of
the issued and outstanding Andina Shares.
At Andina's request, trading of the Andina Shares has been
halted on the TSX Venture Exchange (the "Exchange") and Andina
expects that it will be delisted from the Exchange on or about 22
February 2013 subject to the approval of the Exchange. In addition,
Andina intends to apply to the relevant securities commissions to
cease to be a reporting issuer in all applicable jurisdictions in
Canada.
______________________________________________________________________
Enquiries:
Hochschild Mining plc
Charles Gordon +44 (0)20 7907 2934
Head of Investor Relations
RLM Finsbury
Charles Chichester +44 (0)20 7251 3801
Public Relations
______________________________________________________________________
About Hochschild Mining plc
Hochschild Mining plc is a leading precious metals company
listed on the London Stock Exchange (HOCM.L / HOC LN) with a
primary focus on the exploration, mining, processing and sale of
silver and gold. Hochschild has almost fifty years' experience in
the mining of precious metal epithermal vein deposits and currently
operates four underground epithermal vein mines, three located in
southern Peru and one in southern Argentina. Hochschild also has
numerous long-term projects throughout the Americas.
Forward looking Statements
This announcement contains certain forward looking statements
which may relate to matters such as the business, strategy,
investments, production, major projects and their contribution to
expected production and other plans of Hochschild Mining plc and
its current goals, assumptions and expectations relating to its
future financial condition, performance and results.
Forward-looking statements include, without limitation,
statements typically containing words such as "intends", "expects",
"anticipates", "targets", "plans", "estimates" and words of similar
import. By their nature, forward looking statements involve risks
and uncertainties because they relate to events and depend on
circumstances that will or may occur in the future. Actual results,
performance or achievements of Hochschild Mining plc may be
materially different from any future results, performance or
achievements expressed or implied by such forward looking
statements. Factors that could cause or contribute to differences
between the actual results, performance or achievements of
Hochschild Mining plc and current expectations include, but are not
limited to, legislative, fiscal and regulatory developments,
competitive conditions, technological developments, exchange rate
fluctuations and general economic conditions. Past performance is
no guide to future performance and persons needing advice should
consult an independent financial adviser.
The forward looking statements reflect knowledge and information
available at the date of preparation of this announcement. Except
as required by the Listing Rules and applicable law, Hochschild
Mining plc does not undertake any obligation to update or change
any forward looking statements to reflect events occurring after
the date of this announcement. Nothing in this announcement should
be construed as a profit forecast.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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