Offers Pour in for Minera Andes

Offers Pour in for Minera Andes

Andean

Spokane-based Minera Andes says it has entered an agreement in which Robert McEwen, a director and shareholder of the company, intends to purchase more than 121m shares at about CAD0.33 cash per share, or a total of about CAD40m. This would increase his stake in the company to 53.7% from 24.3% on a private placement basis. However, joint venture partner Hochschild Mining says it is making two alternate offers for the miner. In one, Hochschild offers to buy all the outstanding shares of Minera An

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial