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Katanga Completes Merger with Nikanor to Create a Leading African Copper and Cobalt Company; - Katanga shareholders approve the merger with Nikanor at a special meeting held today - Offer is declared unconditional with over 90 per cent acceptance by Nikanor shareholders - Application to de-list Nikanor shares and compulsory acquisition process to commence.
- Article from:
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Canadian Corporate News
- Article date:
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January 11, 2008
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Copyright informationCOPYRIGHT 2008 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON, UNITED KINGDOM, Jan 11, 2008 (Marketwire via COMTEX) -- Katanga Mining Limited (TSX:KAT) ("Katanga" or the "Company") is pleased to announce that its shareholders approved the merger with Nikanor PLC ("Nikanor") at a special meeting held earlier today in Toronto, Ontario. With over 90 per cent of shares tendered by Nikanor shareholders at the first closing date of the Offer, all conditions of the Offer have been satisfied and the Offer has been declared unconditional.
The Merger brings together the adjacent properties in the Democratic Republic of Congo owned by Katanga and Nikanor to create a major single-site operation. It creates a company with the potential to ...