Cerro Resources is pleased to announce that the Federal Court of Australia has today made orders approving the transaction with Primero Mining to effect: the spinout of Cerro's non-Cerro del Gallo assets (Spinout) to Cerro's currently wholly owned subsidiary Santana Minerals Limited, an in-specie distribution to Cerro's Shareholders (in Australia and New Zealand) in relation to that spinout (Distribution);
Cerro Resources announces that the Australian Securities and Investments Commission has registered the Scheme Booklet which details Cerro's previously announced proposed transaction with Primero Mining to effect: the spinout of Cerro's non-Cerro del Gallo assets to Cerro's currently wholly owned subsidiary Santana Minerals; an in-specie distribution to Cerro's shareholders in relation to that spinout; an acquisition by [...]
Cerro Resources today announces that it has entered into a definitive agreement with Primero Mining aimed at progressing the planned Cerro del Gallo gold/silver heap leach mine in Mexico, under which: Primero will acquire all issued and outstanding ordinary shares of Cerro by way of a scheme of arrangement under the Australian Corporations Act 2001, at the ratio of 0.023 of a Primero share for each 1 Cerro share [...]
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