Minera Andes Accepts Revised Bid

Minera Andes Accepts Revised Bid

Andean

Minera Andes board has approved of a revised bid the company from existing shareholder Robert McEwen. McEwen, who already has a 24.3% stake in Andes, is also a director at the company. The executive has said he will make the CAD40m purchase across two tranches, worth CAD19m and CAD21m each. The first tranche will be used to satisfy the cash call made for Minera Andes’ 49% interest in the San Jose Project in Argentina, while the second, which is subject to shareholder approval, will involve McEwe

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