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HudBay extends hostile bid for Augusta to June 20

  • HudBay Minerals (HBM) extends its hostile offer for Augusta Resource (AZC) until June 20, but makes no new changes to the terms of its proposal.
  • It's the latest extension by HBM since the B.C. Securities Commission decided to allow AZC's shareholder rights plan to remain in place unless HBM extends its offer to July 16.
  • HBM, which owns ~16% of AZC, has offered 0.315 of a HBM share for each AZC share.
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