Brief: Anaconda Mining Rescinds Proposal To Increase Its Bid To Maritime Shareholders

Signal Gold

10/07/2018 12:07

July 10 (Reuters) - Anaconda Mining Inc  ANX.TO :
    * ANACONDA MINING RESCINDS PROPOSAL TO INCREASE ITS BID TO
MARITIME SHAREHOLDERS
    * ANACONDA MINING INC - REVISED OFFER WAS CONDITIONAL ON
MARITIME
MANAGEMENT NOT COMPLETING ITS PREVIOUSLY ANNOUNCED PRIVATE
PLACEMENT FINANCING
    * ANACONDA MINING INC - MARITIME COMPLETED PRIVATE PLACEMENT
ON
JULY 6, 2018, RESULTING IN DILUTION TO CURRENT MARITIME
SHAREHOLDERS BY OVER 23%
    * ANACONDA MINING - WILL PROCEED WITH ITS ORIGINAL PREMIUM
OFFER
OF 0.39 FOR EACH COMMON SHARE OF MARITIME HELD
    * ANACONDA MINING INC - COMPANY HAS ENTERED INTO LOCK-UP
AGREEMENTS WITH MARITIME SHAREHOLDERS HOLDING 10.6% OF ISSUED
AND OUTSTANDING MARITIME SHARES

Source text for Eikon:  ID:nCNWVHB6ra 
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