• OSC Orders HudBay Shareholder Vote in Lundin Merger
  • October 9, 2009
  • Law Firm: Borden Ladner Gervais LLP - Toronto Office
  • On January 23, 2009, the Ontario Securities Commission prohibited HudBay Minerals Inc. (HudBay) from issuing shares in connection with its proposed merger with Lundin Mining Corporation (Lundin) without first obtaining HudBay shareholder approval for the transaction. The order was made on an application by Jaguar Financial Corporation requesting a review of the TSX decision to allow the listing of the HudBay shares to be issued in connection with the transaction. The order also sets aside the TSX's decision and makes the listing of these shares conditional on HudBay shareholder approval of the transaction.