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Talon Metals to acquire Lundin Mining US subsidiary
S-based Talon Metals has entered into a definitive share purchase agreement with Lundin Mining to acquire 100% of Lundin Mining US, the subsidiary that indirectly owns the Eagle Mine and Humboldt Mill. The deal will see Lundin Mining receive 275.2 million Talon shares, representing 18.4% of Talon’s issued and outstanding shares upon completion. The share consideration is valued at approximately $83.7m (C$115.43m).Upon closing, Lundin Mining’s total holding in Talon will increase to 19.99% of Talon’s issued and outstanding common shares on a non-diluted basis. The agreement contemplates a transaction that will ... (full story)