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BRIEF-Anaconda Mining Rescinds Proposal To Increase Its Bid To Maritime Shareholders

Published 2018-07-10, 07:07 a/m
© Reuters.  BRIEF-Anaconda Mining Rescinds Proposal To Increase Its Bid To Maritime Shareholders
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July 10 (Reuters) - Anaconda Mining Inc ANX.TO :

* ANACONDA MINING RESCINDS PROPOSAL TO INCREASE ITS BID TO MARITIME SHAREHOLDERS

* ANACONDA MINING INC - REVISED OFFER WAS CONDITIONAL ON MARITIME MANAGEMENT NOT COMPLETING ITS PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT FINANCING

* ANACONDA MINING INC - MARITIME COMPLETED PRIVATE PLACEMENT ON JULY 6, 2018, RESULTING IN DILUTION TO CURRENT MARITIME SHAREHOLDERS BY OVER 23%

* ANACONDA MINING - WILL PROCEED WITH ITS ORIGINAL PREMIUM OFFER OF 0.39 FOR EACH COMMON SHARE OF MARITIME HELD

* ANACONDA MINING INC - COMPANY HAS ENTERED INTO LOCK-UP AGREEMENTS WITH MARITIME SHAREHOLDERS HOLDING 10.6% OF ISSUED AND OUTSTANDING MARITIME SHARES

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