Hudbay Minerals to acquire Rockcliff Metals, owner of copper-gold deposits in Manitoba copper gold Hudbay
- Hudbay Minerals announced today that it has entered into a definitive agreement with Rockcliff Metals pursuant to which Hudbay will acquire 100% of the issued and outstanding common shares of Rockcliff that it does not already own.
The company added that the enterprise value to Hudbay, net of Rockcliff’s cash, is approximately US$13 million. Rockcliff Metals is a Canadian major explorer in the Flin Flon-Snow Lake greenstone belt, Manitoba, home to the largest Paleoproterozoic VMS district in the world hosting mines and deposits that contain copper, zinc, gold and silver.
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