Copper Mountain Mining is pleased to announce the closing of its acquisition of Altona Mining. As part of the acquisition, the Company issued 0.0974 of a Copper Mountain share for each Altona ordinary share, resulting in a total of 53,538,984 Copper Mountain common shares being issued, of which 44,368,605 will trade as CHESS Depository Instruments [...]
Copper Mountain Mining is pleased to announce that the Federal Court of Australia has made orders approving the scheme of arrangement between Altona Mining and its shareholders under which Copper Mountain will acquire all of the shares in Altona. Copper Mountain anticipates that Altona will lodge a copy of the Court's orders approving the Scheme [...]
Copper Mountain Mining is pleased to announce that shareholders of Copper Mountain and Altona Mining have respectively voted in favour of the share issuance resolution and the scheme of arrangement, providing for the acquisition of Altona by Copper Mountain, at their special meetings of shareholders. "We are pleased to have received the support of [...]
Shareholders in Altona Mining are advised that the company's Managing Director, Alistair Cowden, has recently taken part in a video interview in which he talks about the proposed acquisition of the Company by TSX-listed Copper Mountain Mining Corp.. In the interview, Dr Cowden provides information and commentary around: - The basis of the [...]
Copper Mountain Mining and Altona Mining are pleased to jointly announce that they have agreed to combine the companies by way of a Scheme of Arrangement under the Australian Corporations Act 2001 pursuant to which CMMC will acquire the entire issued capital of Altona. The acquisition will be effected pursuant to a Merger Implementation Deed under [...]
Altona Mining has announced a deal with construction group Sichuan Railway Investment Group which will see the Chinese state-owned enterprise contribute US$214 million in cash to fund the Cloncurry Copper Project in to production. Under the newly signed framework agreement, Altona and SRIG will - subject to approvals and confirmatory due diligence [...]
Talga Resources, is pleased to announce commencement of site works in relation to its trial mining program at the Vittangi graphite project in northern Sweden. The ore zone is visibly continuous from the historically mined pit area and the underlying drilled mineralisation that is part of the Nunasvaara mineral resource of 7.6Mt at 24.4% graphite [...]
Altona Mining has now received shareholder approval for a A$80.2 million capital return, following the sale of the company's mining and exploration assets in Finland last year for approximately A$112 million. After the capital return, Altona will have nearly A$50 million in cash and no debt with a focus on the development of its remaining [...]
