HudBay Minerals Inc. and Norsemont Mining Inc. announced the mailing of HudBays take-over bid circular offering to acquire (the Offer) all of the outstanding common shares of Norsemont and Norsemonts directors circular recommending acceptance of the Offer, as contemplated by the previously announced support agreement between HudBay and Norsemont. Under the Offer, holders of common shares of Norsemont have the right to elect to receive as consideration for each deposited Norsemont common share, either: (a) 0.2617 of a HudBay common share and $0.001 in cash, or (b) cash in an amount that is greater than $0.001, not to exceed $4.50, and, if less than $4.50 in cash is elected, the number of HudBay common shares equal to the excess of $4.50 over such elected cash amount, divided by $17.19, subject, in each case, to pro-ration and rounding as set out in the Offer and take-over bid circular. The Offer is open for acceptance until 5:00 pm (Toronto time) on March 1, 2011, unless the Offer is extended or withdrawn in accordance with its terms.
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For further information, please contact hudbaytaxelections@hudbayminerals.com
Further Information for Norsemont Mining Shareholders:
Kingsdale Shareholder Services Inc.
Toll Free 1-800-775-3159 (English or French)
Outside North America, Bankers and Brokers Call Collect: 416-867-2272
Facsimile: 416-867-2271, Toll Free Facsimile 1-866-545-5580
Email: contactus@kingsdaleshareholder.com