South32 Limited has acquired all of the issued and outstanding common shares of Arizona Mining Inc. (TSX: AZ) not already owned by South32 for C$6.20 per common share.
With the Arrangement now complete, Arizona Mining’s common shares will be de-listed from the Toronto Stock Exchange at the close of trading on August 10, 2018.
Vancouver, B.C., August 10, 2018 – Arizona Mining Inc. (TSX: AZ) (“Arizona Mining” or the “Company”) announced today the completion of the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”) whereby South32 Limited (“South32”) has acquired all of the issued and outstanding common shares of Arizona Mining not already owned by South32 for C$6.20 per common share.
With the Arrangement now complete, Arizona Mining’s common shares will be de-listed from the Toronto Stock Exchange at the close of trading on August 10, 2018. Arizona Mining will also apply to cease to be a reporting issuer under applicable Canadian securities laws. Former shareholders of Arizona Mining who have questions or require assistance with submitting their Arizona Mining shares in connection with the transaction may direct their questions to Computershare Investor Services Inc., which is acting as depositary in connection with the transaction, by telephone at 1 (800) 564-6253 or by email at email@example.com.
South32 is a globally diversified mining and metals company. We produce bauxite, alumina, aluminium, energy and metallurgical coal, manganese, nickel, silver, lead and zinc at our operations in Australia, Southern Africa and South America. We also have a well advanced zinc, lead and silver exploration opportunity in North America and several partnerships with junior explorers with a focus on base metals. Our purpose is to make a difference by developing natural resources, improving people’s lives now and for generations to come, and to be trusted by our owners and partners to realise the potential of their resources.
Further information on South32 can be found at www.south32.net.
About Arizona Mining
Arizona Mining Inc. is a junior resource company existing under the laws of British Columbia and engaged in the exploration and development of mineral resources. The Company is currently focused on the exploration and development of the Hermosa Project, comprising the Taylor Deposit and the Central Deposit. The Taylor Deposit is a zinc, lead and silver resource and is the Company’s primary focus. The Central Deposit is a zinc, silver and manganese resource. The Hermosa Project is located in Santa Cruz County about 50 miles southeast of Tucson, Arizona and about eight miles north of the United States – Mexico border. For more information on Arizona Mining, please visit www.arizonamining.com.
For additional information in respect of this news release, please contact:
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