(: TSXV KMK) to $ 432,000,000 in cash - Vancouver China-based Jinchuan Group Ltd has agreed to acquire Continental Minerals Corp. atmosphere.
Continental approach, a company based in Vancouver Xietongmen gold and copper mining property in Tibet.
Jinchuan is $ 2.60 per share, a premium of 13 percent from the previous year community for Continental shares on the TSX Venture Exchange.
Continental said the board recommended that shareholders support the operation for the good of the company.
Continental Council proposes to make a special dividend of 10 cents per share to its own shareholders before the acquisition.
Continental's Executive Board is also authorized to break the company Jinchuan pay $ 13,400,000 in certain circumstances if the transaction is not completed.
Council may consider proposals that are not asked if they went ahead, however, Jinchuan will have the right to match an offer from the competition.
Council May Consider an unsolicited proposal to move forward but if they Jinchuan will have the right to adjust the rival bids
Continental said the board recommended that shareholders support the operation for the good of the company.
Continental Council proposes to make a special dividend of 10 cents per share to its own shareholders before the acquisition.
Continental's Executive Board is also authorized to break the company Jinchuan pay $ 13,400,000 in certain circumstances if the transaction is not completed.
Council may consider proposals that are not asked if they went ahead, however, Jinchuan will have the right to match an offer from the competition.
Council May Consider an unsolicited proposal to move forward but if they Jinchuan will have the right to adjust the rival bids
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