VANCOUVER, BC, Dec. 10,
2024 /PRNewswire/ -- (TSX: LUN) (Nasdaq Stockholm:
LUMI) Lundin Mining Corporation ("Lundin Mining" or the
"Company") is pleased to announce that Lundin Mining's Swedish
short-form document prepared in accordance with Article 1.4 da) and
Annex IX of Regulation (EU) 2017/1129 (the "Short Form Document")
for the proposed offer of new common shares of Lundin Mining (the
"Lundin Mining Shares") to holders of Euroclear Sweden AB
registered common shares of Filo Corp. ("Filo") in connection with
the previously announced arrangement under the Canada Business
Corporations Act whereby the Company and BHP Investments Canada
Inc. ("BHP" and together with Lundin Mining, the "Purchaser
Parties"), a wholly-owned subsidiary of BHP Group Limited will,
among other things, acquire all of the issued and outstanding
common shares of Filo not already owned by the Purchaser Parties
and their respective affiliates (the "Arrangement"), has been filed
with the Swedish Financial Supervisory Authority (Sw.
Finansinspektionen). View PDF
The Short Form Document is available on Lundin Mining's website
(www.lundinmining.com).
The completion of the Arrangement and the issuance of the new
Lundin Mining Shares to shareholders of Filo remain subject to the
satisfaction of customary closing conditions for a transaction of
this nature, including, among other things, regulatory approvals
and relevant stock exchange approvals. The Arrangement is
anticipated to be completed in the first quarter of 2025 (the
"Effective Date") subject to the satisfaction or waiver of closing
conditions. Trading of the new Lundin Mining Shares on Nasdaq
Stockholm is expected to commence as soon as possible following the
Arrangement becoming effective on the Effective Date, subject to
Nasdaq Stockholm approving the admission to trading of such shares
and completion of the Arrangement.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining
company with operations or projects in Argentina, Brazil, Chile, Portugal, Sweden and the
United States of America, primarily producing copper, zinc,
gold and nickel.
The information was submitted for publication, through the
agency of the contact persons set out below on December 10, 2024 at 1:00
PM PST.
Cautionary Statement on Forward-Looking
Information
Certain of the statements made and information contained
herein are "forward-looking information" within the meaning of
applicable Canadian securities laws. All statements other than
statements of historical facts included in this document constitute
forward-looking information, including but not limited to
statements regarding the completion of the Arrangement and the
expected timing thereof; the satisfaction of the
conditions precedent to the Arrangement; the listing of the new
Lundin Mining Shares on Nasdaq Stockholm and the timing thereof;
and expectations for other economic, business, and/or competitive
factors. Words such as "believe", "expect", "anticipate",
"contemplate", "target", "plan", "goal", "aim", "intend",
"continue", "budget", "estimate", "may", "will", "can", "could",
"should", "schedule" and similar expressions identify
forward-looking information.
Forward-looking information is necessarily based upon various
estimates and assumptions including, without limitation, the
expectations and beliefs of management, including the Company's
ability to achieve goals; the prompt and effective integration of
acquisitions, including the completion of the Arrangement; the
establishment of the 50/50 joint arrangement with BHP and the
realization of synergies and economies of scale in connection
therewith; and assumptions related to the factors set forth below.
While these factors and assumptions are considered reasonable by
Lundin Mining as at the date of this document in light of
management's experience and perception of current conditions
and expected developments, these statements are inherently subject
to significant business, economic and competitive uncertainties and
contingencies. Known and unknown factors could cause actual results
to differ materially from those projected in the forward-looking
information and undue reliance should not be placed on such
information. Such factors include, but are not limited to, global
financial conditions, market volatility and inflation; the ability
to consummate the Arrangement; the ability to obtain requisite
regulatory approvals and the satisfaction of other remaining
conditions to the consummation of the Arrangement on the proposed
terms and schedule; the establishment of the 50/50 joint
arrangement with BHP and the realization of synergies and economies
of scale in connection therewith; the inability to currently
control Filo and the ability to satisfy the relevant conditions and
complete the Arrangement and establish the 50/50 joint arrangement
with BHP on the proposed terms and schedule; risks relating to
joint ventures, joint arrangements and operations; the potential
impact of the consummation of the Arrangement on relationships,
including with regulatory bodies, employees, suppliers, customers
and competitors; changes in general economic, business and
political conditions, including changes in the financial markets;
changes in applicable laws; compliance with extensive government
regulation; and the diversion of management time on the
Arrangement. This forward-looking information may be affected by
risks and uncertainties in the business of Lundin Mining and Filo
and market conditions; and other risks and uncertainties, including
but not limited to those described in the "Risks and Uncertainties"
section of the Company's MD&A for the three and nine months
ended September 30, 2024 and the
"Risks and Uncertainties" section of the Company's Annual
Information Form for the year ended December
31, 2023, which are available on SEDAR+ at www.sedarplus.com
under the Company's profile.
All of the forward-looking information in this document is
qualified by these cautionary statements. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated, forecasted or intended
and readers are cautioned that the foregoing list is not exhaustive
of all factors and assumptions which may have been used. Should one
or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking information.
Accordingly, there can be no assurance that forward-looking
information will prove to be accurate and forward-looking
information is not a guarantee of future performance. Readers are
advised not to place undue reliance on forward-looking information.
The forward-looking information contained herein speaks only as of
the date of this document. The Company disclaims any intention or
obligation to update or revise forward‐looking
information or to explain any material difference between such and
subsequent actual events, except as required by applicable
law.
For further information, please contact: Stephen Williams, Vice President, Investor
Relations: +1 604 806 3074; Robert
Eriksson, Investor Relations Sweden: +46 8 440 54
50
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