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First Quantum announces successful completion of the C$5.1 billion offer for Inmet

Fasken
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First Quantum Ltd.

On April 02, 2013, First Quantum Minerals Ltd. and its wholly owned subsidiary FQM (Akubra) Inc. (together, the “Offerer”) announced successful completion of their offer to acquire all of the outstanding common shares of Inmet Mining Corporation (the “Offer”). As of 5:00 p.m. on April 01, 2013, 92.74% of the outstanding Inmet shares had been validly tendered to the Offer and not withdrawn. The Offeror paid for all such shares on or before April 05, 2013 and will now proceed to acquire the balance of the shares by way of Compulsory Acquisition. Headquartered in Vancouver Canada, First Quantum is a diversified mining and metals company with low cost operations and world class development projects spanning the globe, including in Zambia, Mauritania, Australia, Finland, Peru, Turkey, Spain, Finland and Panama. Successful completion of the Offer establishes First Quantum as one of the premier global copper growth companies, according to consensus analyst projections, with the potential to become one of the top 5 producers of copper in the world by 2018. Fasken Martineau acted as lead counsel to First Quantum Minerals Ltd. with a team that included: John Turner, Dan Batista, Richard Steinberg, Brad Freelan, Jessica Catton, Susan Newell, Francesco Tallarico, Jennifer Mitchell, Jeffrey Gebert, Alex Nikolic, Daye Kaba and Andrew Teehan (Securities and M&A); Douglas New, Huy Do and Juho Song (Competition); Tom Barlow, Dan Brock and Claudia Feldkamp (Government Relations); Chris Steeves (Tax); Sam Rickett, David Hausman, Brad Moore and Shelley Babin (Litigation); and Ralph Nero (Labour and Employment).

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