May 3 (Reuters) - Hudbay Minerals Inc HBM.TO :
* HUDBAY AND WATERTON ANNOUNCE SETTLEMENT AGREEMENT
* HUDBAY MINERALS INC - IN ORDER TO FACILITATE AGREEMENT, ONLY AGREED NOMINEES WILL BE NOMINATED FOR ELECTION AT MEETING
* HUDBAY MINERALS INC - ANNOUNCED A SETTLEMENT AGREEMENT THAT WILL RESULT IN ELEVEN NOMINEES BEING ELECTED AS HUDBAY'S BOARD
* HUDBAY MINERALS - NONE OF OTHER INDIVIDUALS HUDBAY OR WATERTON HAD PREVIOUSLY INTENDED TO NOMINATE FOR ELECTION WILL BE STANDING FOR ELECTION
* HUDBAY MINERALS INC - AGREEMENT INCLUDES CUSTOMARY STANDSTILL, VOTING SUPPORT AND OTHER TERMS.
* HUDBAY MINERALS - HIBBEN AGREED TO CONTINUE TO SERVE AS CHAIR UNTIL SUCCESSOR IS APPOINTED, WILL REMAIN ON BOARD UNTIL 2020 ANNUAL MEETING
* HUDBAY - CO, WATERTON AGREED, FOLLOWING MEETING, CORPORATE GOVERNANCE & NOMINATING COMMITTEE TO INITIATE PROCESS TO IDENTIFY SUITABLE SUCCESSOR TO CHAIR POSITION