Rio Tinto completes sales negotiations with Hathor
A deal has been arranged that will see Rio Tinto take over at least 70 per cent of Hathor's shares.
Rio Tinto has been successful in its attempts to buy Canadian
uranium prospector Hathor Exploration.
After lengthy business negotiations, an agreement has been
reached that will see the former take on just over 70 per cent of
the shares in the later, while an offer has also been made for the
Shareholders have until December 12th to take up the deal and
Hathor's board of directors has unanimously voted for members to
back the motion.
Rio Tinto - one of the world's leading mining groups and
headquartered in the UK - already employs over 13,000 workers in
"Shareholders must instruct their brokers or other
intermediaries investment advisor, stockbroker, bank, trust company
or other nominee promptly if they wish to tender their shares to
Rio Tinto's offer," according to the firm.
It comes after Rio Tinto revealed it was making a $10 million
(£6.4 million) commitment to community safety across Queensland in
Posted by Edel Quinn
Source: Rio Tinto press release, December 1st