Commodities Buzz: First Quantum Minerals Acquires Control Of Additional Zincore Metal Shares

First Quantum Minerals yesterday announced that it has indirectly acquired control of an additional 7820500 common shares in the capital of Zincore Metals Inc., representing 3.7% of the issued and outstanding Zincore Shares immediately following completion of such acquisition.
On March 21, 2013, First Quantum acquired control of Inmet Mining Corporation. Inmet holds 7,820,500 Zincore Shares representing 3.7% of the issued and outstanding Zincore Shares. Together with Zincore Shares indirectly held by First Quantum prior to its acquisition of Inmet.
First Quantum has control of 49,888,245 Zincore Shares, representing 23.7% of the issued and outstanding Zincore Shares. For purposes of calculating percentage of Zincore Shares controlled by First Quantum, First Quantum has assumed that there were 210,443,949 Zincore Shares outstanding prior to completion of the Acquisition, as disclosed by Zincore in its annual information form dated March 22, 2013.
Source by Commodity Insights